Legit News
AMD Completes Sale of Digital TV Business to Broadcom
AMD today announced completion of the sale of its Digital TV (DTV) processor business to Broadcom Corporation. Another chapter in the history of AMD comes to a close, but whatever it takes to be a lean mean company right?
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 $141.5 million in cash, subject to certain escrows and adjustments pursuant to the terms of the definitive asset purchase agreement.
Posted by | Tue, Oct 28, 2008 - 11:24 AM
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