Sunday, February 3, 2008

Freescale to Acquire SigmaTel for $110 Million

Freescale Semiconductor agreed to acquire SigmaTel, a provider of analog intensive, mixed-signal integrated circuits (ICs) for the digital multimedia market, for approximately $110 million in cash. SigmaTel's target market segments include portable media players, printers and digital televisions.

For the fourth quarter of 2007, SigmaTel generated revenues of $33.2 million with a GAAP net loss of $4.0 million or $0.11 per share. http://www.freescale.com