Silicon Labs

Silicon Labs has announced that it had reached a definitive agreement to acquire Sigma Designs in a cash transaction valued at $282 million. By taking over Sigma Designs, Silicon Labs will be acquiring the former's Z-Wave-related IP and product portfolio, allowing Silicon Labs to solidify its range of wireles communication solutions for smart homes. The additional leverage will also allow Silicon Labs to more greatly influence the development of the Z-Wave standard going forward. Meanwhile, in an interesting twist in the acquisition agreement, the deal also includes a stipulation that if certain closing conditions are not met, Silicon Labs may acquire only the Z-Wave segment of Sigma for $240 million. Silicon Labs will pay Sigma’s shareholders $7.05 per share in cash, which is a 26%...

Log in

Don't have an account? Sign up now