Intellectual Ventures has acquired the patent portfolio of Transmeta, formerly a supplier of Intel-compatible x86 processors.
The struggling chipmaker agrees to be sold to video chipmaker Novafora for $255.6 million in cash.
Agreement covers all of Transmeta's patents and patent applications, as well as the LongRun2 suite of advanced power management technologies.
The low-power chip guru plans to join Intel's enterprise group after a career spent trying to take the world's larger chip maker down a peg.
Transmeta received the $150 million settlement from Intel, now what?
The chip designer announces it hired Piper Jaffray to help review an unsolicited buyout offer from investor Riley Investment Management.
Dave Ditzel no longer slogging notebooks
The company returns to its core competency: layoffs
Transmeta's new niche