Tuesday, October 28th 2008
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: