Tech Company M&A Transactions
SigmaTel Acquisition
On 7/25/2006, SigmaTel was bought by Integrated Device Technology. Deal value was $72 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/25/2006
Transaction Type
M&A
Amount
$72,000,000
M&A Terms
IDT" (Integrated Device Technology, Inc.; NASDAQ: IDTI), today announced that it has reached agreement with SigmaTel, Inc. to purchase the SigmaTel AC-97 and High Definition Audio (HD-Audio) PC and Notebook audio codec product lines. Based on the terms of the transaction, IDT will acquire both product lines and related software for a one-time fee of $72 million in cash. In addition, IDT will also acquire the SigmaTel intellectual property and employee teams necessary to execute on the existing roadmap for continued PC and notebook audio leadership and success. The transaction, which has already received regulatory and related approvals, is anticipated to close by the end of July.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
1601 S. Mo Pac Expressway 100
Austin, TX 78746
USA
Austin, TX 78746
USA
Phone
Website
Email Address
Not Recorded
Overview
SigmaTel enables a true multimedia experience. Founded in 1993, the Company designs, develops, and markets analog intensive, mixed-signal semiconductor solutions for a wide range of digital multimedia products in the consumer electronics and computing markets.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ron Edgerton
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