SMSC Acquires BridgeCo for $67,500,000

  • Feed Type
  • Date
    5/20/2011
  • Company Name
    BridgeCo
  • Mailing Address
    400 Continental Blvd 6th Floor El Segundo, CA 90245
  • Company Description
    BridgeCo, a networked entertainment pioneer, offers the world’s most comprehensive, cost-effective and highly integrated processor IC and software platforms for connecting Internet media sources, computers and consumer electronics throughout the home.
  • Website
    http://www.bridgeco.com
  • Transaction Type
    M&A
  • Transaction Amount
    $67,500,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    SMSC paid $40 million in cash and additional cash payments of up to $27.5 million may occur upon achievement of certain performance goals.