Broadcom acquires AMD’s digital TV biz at reduced price

MUMBAI: Broadcom Corp, the US-based integrated circuits (ICs) supplier for broadband communications, has completed the acquisition of AMD‘s (Advanced Micro Devices) digital TV (DTV) chip business.


Broadcom will pay $141.5 million to AMD - a discount to the original price of $192.8 million that was announced on 25 August.

The IC supplier anticipates that AMD‘s DTV business will have Q4 revenue between $15 and $20 million, lower than previously expected. Accordingly, the parties agreed to reduce the purchase price from $192.8 million to $141.5 million in cash (subject to certain escrows and adjustments pursuant to the terms of the definitive asset purchase agreement).

AMD said the sale of DTV business was "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."

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