Friday, 31 October 2008

Broadcom Concludes AMD’s Digital TV Business Acquisition

As announced in the month of August, Broadcom Corp has completed the acquisition of AMD’s digital TV (DTV) business.

AMD announced a definitive agreement to sell its DTV business on August 25 as part of its strategy to become leaner and more focused, while seeking to create a business model to deliver sustainable profitability and leadership in core x86 computing and graphics businesses.

In connection with the business sale, AMD received approximately USD 141.5 million in cash, subject to certain escrows and adjustments pursuant to the terms of the definitive asset purchase agreement.