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EZchip Semiconductor Ltd to acquire Tilera Corp

Tuesday, 1 Jul 2014 08:00am EDT 

EZchip Semiconductor Ltd:Signed a definitive agreement to acquire Tilera Corp, a privately-held US-based company that develops multi-core processors, intelligent network interface cards and white-box appliances for data-center networking equipment.Under the terms of the agreement, EZchip will pay Tilera's stockholders up to $130 million in cash; of which $50 million is payable at closing and up to an additional $80 million is payable subject to the attainment of certain future performance milestones.The transaction has been approved by the EZchip and Tilera boards of directors.The transaction is expected to close in the third quarter of 2014. 

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-0.06 -0.32%
22 Jan 2015