Advanced Micro Devices, Inc. Completes Acquisition Of SeaMicro

Advanced Micro Devices, Inc. announced that it completed the acquisition of SeaMicro Inc., a pioneer in energy-efficient, high-bandwidth microservers, for approximately $334 million, net of cash assumed. The acquisition of SeaMicro, which will become AMD's Data Center Server Solutions business, enables AMD to accelerate its strategy to deliver disruptive server technology and provide its customers serving Cloud-centric data centers with differentiated AMD-based solutions beginning this year. The purchase price consists of a cash payment of approximately $293 million as well as AMD's assumption of options to purchase approximately 6,475,000 AMD shares and the issuance of approximately 322,000 shares of AMD restricted stock. This transaction is included in AMD's first quarter of 2012 earnings guidance.