Analog Devices Inc said on Tuesday it would buy fellow chipmaker Linear Technology Corp for about $14.8 billion, following SoftBank Group Corp’s $32 billion acquisition of British chip designer ARM Holdings which was announced on July 18, in a wave of consolidation that has swept the semiconductor industry in the past two years.
By buying Linear, Analog is hoping to increase its share in the fragmented market for analog chips, which process signals such as sound, light and temperature and convert them into digital signals. These chips are central to smart phones and such devices connected to the internet.
Analog offered $46.00 per share in cash and 0.2321 a share for Linear which roughly values the company at $60 a share, a 24 percent premium to Linear’s closing share price on Monday.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI