In a surprising turn of events, chip company MaxLinear announced its successful acquisition of Silicon Motion Technology after more than 14 months of uncertainty. The deal, valued at $3.8 billion, had faced skepticism from investors who believed it would never come to fruition. Under the terms of the agreement, MaxLinear (MXL) committed to paying $93.54 in cash and 0.388 shares … [Read more...] about MaxLinear’s Acquisition of Silicon Motion Technology: A Surprising Turn of Events
MaxLinear
Termination of MaxLinear’s Planned Acquisition of Silicon Motion Technology
MaxLinear has announced the termination of its planned acquisition of Silicon Motion Technology, a deal that had recently received approval from Chinese regulators. In a securities filing on Wednesday, MaxLinear stated that certain closing conditions outlined in the merger agreement have not been met and are unlikely to be fulfilled. Additionally, it revealed that Silicon … [Read more...] about Termination of MaxLinear’s Planned Acquisition of Silicon Motion Technology
