Zarolho
Power Member
Hello ATI.AMD.com
AMD today announced its acquisition of ATI has been completed for an approximate $5.4 billion USD. The transaction details include a $4.3 billion cash buyout and 58 million shares of AMD common stock in exchange for all common shares of ATI. Shareholders were offered the following options:
This appears to fall in line with previous rumors that AMD would keep ATI and Radeon branding on consumer products. With the acquisition complete it is unknown if Intel will renew its cross licensing agreement with ATI in the future. ATI was previously working on a variety of Intel chipsets including the announced Radeon Xpress 1250 and upcoming RD600 CrossFire Xpress 3200 for Intel processors.
http://www.dailytech.com/article.aspx?newsid=4695
AMD today announced its acquisition of ATI has been completed for an approximate $5.4 billion USD. The transaction details include a $4.3 billion cash buyout and 58 million shares of AMD common stock in exchange for all common shares of ATI. Shareholders were offered the following options:
- ATI shareholders who elected to receive cash will be entitled to receive, for each common share for which a valid cash election was made, approximately US $18.59 in cash plus approximately 0.1245 of a share of AMD common stock;
- ATI shareholders who elected to receive stock will be entitled to receive, for each common share for which a valid stock election was made, 0.9596 of a share of AMD common stock; and
- ATI shareholders who did not make a valid election will be entitled to receive, for each share for which no valid election was made, 0.9596 of a share of AMD common stock.
This appears to fall in line with previous rumors that AMD would keep ATI and Radeon branding on consumer products. With the acquisition complete it is unknown if Intel will renew its cross licensing agreement with ATI in the future. ATI was previously working on a variety of Intel chipsets including the announced Radeon Xpress 1250 and upcoming RD600 CrossFire Xpress 3200 for Intel processors.
http://www.dailytech.com/article.aspx?newsid=4695