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LSI Logic completes C-Cube buyout

Custom chipmaker LSI Logic announced it has completed its $851 million acquisition of chipmaker C-Cube Microsystems. The merger, announced in March, extends LSI's consumer electronics and communications business with C-Cube's digital video and audio. C-Cube shareholders received 0.79 of a share of LSI stock for each share of C-Cube. Both companies are based in Milpitas, Calif.

Custom chipmaker LSI Logic announced it has completed its $851 million acquisition of chipmaker C-Cube Microsystems. The merger, announced in March, extends LSI's consumer electronics and communications business with C-Cube's digital video and audio.

C-Cube shareholders received 0.79 of a share of LSI stock for each share of C-Cube. Both companies are based in Milpitas, Calif.