Microprocessor giant AMD is to acquire graphics, chipset and consumer electronics company ATI in a transaction worth approximately $5.4 billion.
AMD said the combined company would be in a position to provide integrated, tailored systems and solutions from 2008. A key element to its plans will be Windows Vista-based systems.
Under the terms of the transaction, AMD will acquire all of the outstanding common shares of ATI for a combination of $4.2 billion in cash and 57 million shares of AMD common stock. AMD said it would finance the cash portion of the transaction with a combination of cash and new debt.
The transaction is subject to regulatory approval and AMD expects it to be completed in the fourth quarter of 2006.
Study finds adverse impact of bio materials on earthworms
Try to solve one problem and several more occur! Whatever we do harms something somewhere.