Tuesday, September 7, 2010

Zoran to Acquire Microtune for STB Tuners

Zoran agreed to acquire Microtune in a deal valued at $84 million.

Microtune designs and markets advanced RF, demodulator, and receiver silicon products and systems solutions for data/voice cable modems, cable set top boxes, digital TV set-top boxes, and automotive in-vehicle entertainment systems. The company, has shipped more that 150 million tuner chips since its founding in 1996, is based in Plano, Texas.

Zoran said it is increasing its focus on the STB market as part of its strategy to become a complete provider of solutions for consumer home entertainment.