A couple of months ago, AMD announced that it had struck a deal to sell its digital TV business to Broadcom. The transaction would close in the fourth quarter, the two companies said, and Broadcom would end up paying about $192.8 million in cash.
AMD has now put out a press release to say the transaction has closed as scheduled. The chipmaker is walking away with roughly $141.5 million in cash, a sum that's "subject to certain escrows and adjustments pursuant to the terms of the definitive asset purchase agreement" (whatever that means).
Going by what the two firms said in August, 530 staffers from AMD's six digital TV design centers around the globe should have received invitations to join Broadcom. And of course, Broadcom should now have ownership of AMD's Xilleon integrated digital TV processors, NXT receivers, Theater 300 digital TV processors, and panel processors with image enhancement features.
The sale came as part of AMD's initiative to focus on its core businesses—processors and graphics—in order to remain profitable. AMD posted its first operational profit in two years last quarter, so this restructuring might already be bearing fruit.
|G.Skill KM560 MX keyboard drops the numpad||9|
|Rumor: Acer Triton 700 may use an unreleased Pascal GPU||20|
|Silverstone Vital VT02 could hold a Core i7 in under two liters||8|
|Galax and KFA2 induct the GTX 1080 Ti into the Hall of Fame||22|
|Acer's Aspire GX-281 lineup brings Ryzen to the masses||17|
|Deals of the week: discounts on CPUs, mobos, and more||8|
|Asetek gets $600,000 from Cooler Master in AIO cooler patent spat||18|
|Acer Predator Triton and Helios laptops are ready for serious play||15|
|Intel enjoys healthy revenue and profits for Q1 2017||30|
|Unless Intel suddenly becomes very aggressive in its pricing, a Skylake-X will certainly cost a hell of a lot more than Ryzen CPU. And who cares if AM...||+66|