MaxLinear to Buy Silicon Motion for $3.8B in Cash, Stock
MaxLinear, a producer of analog and mixed-signal chips for broadband, connectivity and infrastructure applications, will buy Silicon Motion, a Taiwanese supplier of NAND flash controllers for solid-state storage devices, said the buyer Thursday. The cash and stock transaction is worth…
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about $3.8 billion, based on MaxLinear’s $53.61 closing stock price Wednesday. The shares closed 16.7% lower Thursday at $44.68. The transaction is expected to close by the first half of calendar 2023.