Freescale Semiconductor and SigmaTel, Inc. today announced that they have entered into a definitive agreement for Freescale to acquire SigmaTel.
Under the terms of the agreement, Freescale will pay $3 per outstanding share of SigmaTel stock representing approximately $110 million in cash. The agreement is subject to various customary closing conditions, including all necessary shareholder and regulatory approvals, and is expected to close in the second quarter of fiscal year 2008.
"The SigmaTel acquisition enhances the long-term, strategic value we can deliver to our customers," said Lynelle McKay, senior vice president and general manager of Freescale's Networking and Multimedia Group. "Freescale's proven strengths in the high- performance multimedia and general purpose markets are complemented by SigmaTel's strong analog and mixed-signal expertise in the portable media player and consumer audio markets." Via the Freescale site.
Freescale made some waves at the CES this year with their cool Linux UMPC LimePC motherboard on a chip.