Monday, July 24, 2006

AMD Agrees To Buy ATI In $5.4 Billion Deal

I'm back!  I just replaced the power supply with a new, 450 watt, modular one.  I'll tell you about it in a later post.  But for now, the topic at hand:

AMD has purchases ATI for US $5.4 Billion.

On Monday, AMD agreed to acquire graphics powerhouse ATI Technologies in a surprise $5.4 billion deal that will radically alter the landscape of the PC component industry.

ATI will become "the ATI business division," within AMD, and its chief executive and president, Dave Orton, will become an executive vice president reporting to both AMD president and chief operating officer Dirk Meyer and AMD's chief executive, Hector Ruiz. The deal, if agreed to by shareholders, will total $4.2 billion in cash and 57 million shares of AMD common stock, which the company is valuing at $18.26 per share.

No comments: