Sony Electronics Acquires Altair Semiconductor for $212,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e6149900-46b3-42f6-b456-9ad4ca0f9fbc
Date
1/26/2016
Company Name
Altair Semiconductor
Mailing Address
1400 Preston Rd. Plano, TX 75093 USA
Company Description
Altair is a fabless semiconductor company based in Israel that is developing state of the art, ultra low power mobile WiMAX silicon solutions optimized for handsets and handheld devices.
Website
http://www.altair-semi.com
Transaction Type
M&A
Transaction Amount
$212,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The purchase price is 212 million U.S. dollars (approximately 25 billion yen), and Sony expects to complete the acquisition in early February, 2016. With the acquisition of Altair, Sony aims to not only expand Altair’s existing business, but also to move forward with research on and development of new sensing technologies.