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TRID news "intent to purchase Trident microsystems' set-top box business unit"
BRIEF-Entropic Communications files intent to purchase Trident microsystems' set-top box business unit
Jan 4 (Reuters) - Entropic Communications Inc <ENTR.O>:
* Files intent to purchase Trident microsystems' set-top box business unit
* Says Entropic would plan to hire approximately 385 Trident employees
* Says Entropic would obtain trident's complete stb product portfolio
* Purchase price is $55 million in cash, plus assumption of specified
liabilities upon the closing of the transaction
* Planned $55 million acquisition would bring together two complementary
technologies, product lines and teams
* Assets include trident's specific stb products, patents and other
intellectual property
* Would plan to hire approximately 385 Trident employees located primarily in
China, India, UK, Taiwan, Korea and U.S.
* Filed asset purchase agreement as "stalking horse" bidder to buy some assets
of Trident Microsystems
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
((For more news, please click here [ENTR.O]))