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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 33.54-1.4%3:59 PM EDT

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From: Elroy5/29/2019 8:51:59 AM
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Damn! 5.9x sales!

SANTA CLARA, Calif., May 29, 2019 /PRNewswire/ -- Marvell ( MRVL), a leader in infrastructure semiconductor solutions, today announced that it has entered into a definitive agreement under which NXP will acquire Marvell's Wi-Fi Connectivity business in an all-cash, asset transaction valued at $1.76 billion. The acquisition encompasses Marvell's Wi-Fi and Bluetooth technology portfolios and related assets. The business employs approximately 550 people worldwide and generated roughly $300 million in revenue in Marvell's fiscal 2019.
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