Atmel Acquires Newport Media for $170,000,000

  • Feed Type
  • Date
  • Company Name
    Newport Media
  • Mailing Address
    1 Spectrum Pointe Dr. Lake Forest, CA 92630 USA
  • Company Description
    Newport Media is a fabless semiconductor company that develops and sells highly integrated solutions for emerging digital audio and mobile TV broadcasts standards. Market research firm In-Stat forecasts that the market for TV enabled cellular phones will grow to over 80 million units annually by 2010.
  • Website
  • Transaction Type
  • Transaction Amount
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The purchase price is $140 million cash, subject to working capital adjustments, plus an additional earn-out of up to $30 million to be paid subject to achievement of future revenue thresholds over two years.

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