Broadcom to buy AMD's digital TV business
Company will pay $192.8 million for the assets, which include processors, receiver ICs, and a line of panel processors that perform advanced motion compensation, frame rate conversion, and scaling.
Broadcom is paying $192.8 million in cash to acquire Advanced Micro Devices' digital television business, the companies said Monday.
AMD's DTV assets include Xilleon integrated DTV processors and reference designs, NXT receiver ICs, the Theater 300 DTV processor, and a line of panel processors that perform advanced motion compensation, frame rate conversion and scaling.
AMD had announced last month that it was, as part of an effort to streamline its businesses. CEO Dirk Meyer said in a press release that the sale was a "key step" toward helping the company boost its financial performance.
Roughly 530 AMD employees working for the DTV business will be "invited to join Broadcom" as part of the sale, which has been approved by both companies' boards of directors.