Tech Company M&A Transactions
Zyray Wireless Acquisition
Based in San Diego, Zyray Wireless was acquired by Broadcom. Broadcom disclosed that the acquisition price was $96 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/16/2004
Transaction Type
M&A
Amount
$96,000,000
M&A Terms
Zyray Wireless Acquired by Broadcom for $96M. As part of the deal, Irvine, Calif.-based Broadcom will pay Zyray shareholders 2.23 million shares currently worth $96 million, although the deal will close in the third quarter. A $3 million convertible note Broadcom had held in Zyray will be canceled without repayment.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
11455 El Camino Real 35
San Diego, CA 92130
USA
San Diego, CA 92130
USA
Phone
Email Address
Not Recorded
Overview
Zyray Wireless manufactures a coprocessor allowing 3G technologies to be added to mobile handsets.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Werner Sievers
Browse more venture capital transactions:
Prev: 6/15/2004: Somaxon Pharmaceuticals venture capital transaction
Next: 6/16/2004: Tarari venture capital transaction
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