Silicon Labs Completes Purchase of Sigma Designs' Z-Wave Assets for $240 Million
Silicon Labs completed the acquisition of Sigma Designs' Z-Wave business, including some 100 employees, for $240 million cash, they said Wednesday. Silicon Labs announced in December a definitive agreement to buy Sigma for $282 million, contingent on Sigma's sale or…
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“wind-down” of its slumping smart TV business. The companies restructured the deal for $240 million in February (see 1801310032).