TV Chipmaker Pixelworks Buys IPTV Chipmaker Equator for $109 Million

Authored by Mark Hefflinger on April 29, 2005 - 5:10am.

Tualatin, Ore. -- Digital TV chipmaker Pixelworks announced on Friday that it has acquired Equator Technologies, a maker of chips for IPTV systems, for $109 million in cash. Oregon-based Pixelworks said its purchase of Campbell, Calif.-based Equator will potentially provide the companies' manufacturer customers with TV chips that could decode programming signals sent directly over the Internet. Analysts currently predict that the market for IPTV set-top boxes will reach 15 million in 2008. "We want to enable our customers to deliver solutions that leverage the advantages of digital displays, digital networks, and digital content to deliver a better user experience where consumers can easily find exactly the information or entertainment content they want, when they want it and where they want to watch it," said Pixelworks president and CEO Allen Alley. Pixelworks expects the deal to close in the second quarter.
http://biz.yahoo.com/bw/050428/286012.html
http://www.pixelworks.com
http://www.equator.com