Tuesday, October 28th 2008
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AMD Completes Sale of Digital TV Business to Broadcom
AMD today announced completion of the sale of its Digital TV (DTV) processor business to Broadcom Corporation. AMD announced a definitive agreement to sell its DTV business on August 25 as part of its strategy to become leaner and more focused, while seeking to create a business model to deliver sustainable profitability and leadership in core x86 computing and graphics businesses.
In connection with the business sale, AMD received approximately $141.5 million in cash, subject to certain escrows and adjustments pursuant to the terms of the definitive asset purchase agreement.
Source:
AMD
In connection with the business sale, AMD received approximately $141.5 million in cash, subject to certain escrows and adjustments pursuant to the terms of the definitive asset purchase agreement.
8 Comments on AMD Completes Sale of Digital TV Business to Broadcom
so no hdtv wonders anymore? or is it something else?
Witch is what i think they meant by "more focused"
I do wonder though... Does this encompass their PC TV Tuner cards and All-In-Wonder lineup? I always liked them more than Pinnacle units, regardless of their total absence from the retail marketplace :wtf: