Deals
MaxLinear to Buy Chipmaker Silicon Motion in $3.8 Billion Deal
- Silicon Motion ADRs jump, MaxLinear drops most in two years
- Deal will help MaxLinear expand in NAND flash controllers
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MaxLinear Inc., a maker of chips for broadband communications, agreed to acquire Silicon Motion Technology Corp. in a cash-and-stock deal valuing the Taiwanese semiconductor firm at $3.8 billion.
Carlsbad, California-based MaxLinear is offering the equivalent of $114.34 for each of Silicon Motion’s American depositary shares, the companies said in a statement Thursday. The proposal includes $93.54 in cash and 0.388 MaxLinear shares. Bloomberg News reported earlier that MaxLinear was in talks to acquire the company.