Infineon acquires Cypress Semiconductor in deal valued at $10 billion VentureBeat
Infineon Technologies has agreed to buy Cypress Semiconductor in a deal that values the chip maker at $10 billion. Infineon is paying $23.85 per share in cash ($10 billion enterprise value, counting debt) in addition to continuing its dividend through closing. That’s 55 percent higher than the stock price was last week before the news started to leak. The deal shows that trend toward consolidation of the chip industry — which has swallowed many Silicon Valley companies from Altera to NXP — is continuing. The stock price represents an-all time high for Cypress, and it’s a nice way for a lege…
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Source: Google News | Infineon acquires Cypress Semiconductor in deal valued at billion – VentureBeat
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