SanDisk to Acquire Matrix Semiconductor for $250 Million
Sunnyvale, Calif. - SanDisk, a manufacturer maker of flash storage cards, said that it has signed a deal to acquire Santa Clara, Calif.-based Matrix Semiconductor, a developer of 3D integrated circuits, for about $250 million. The deal consists of $12 million in cash, and the remainder in SanDisk stock. Matrix's 3D memory is used for storage applications that do not require multiple rewrites and where low cost is the paramount consideration, such as video games, music and other content, or for archiving. The deal is expected to close by the end of the year.
http://www.sandisk.com/pressrelease/20051020b.htm
http://www.matrixsemi.com
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