AMD sold its digital TV unit to Broadcom
I think they paid like 900 million for it initially, yet a press release reveals that Broadcom has become the lucky buyer of AMD's digital TV division. In a joint announcement, the two firms say they've entered a definitive agreement that will see Broadcom acquire the division in exchange for a $192.8-million cash sum. If all goes well, the transaction will close some time during the fourth quarter of this year, and 530 former AMD employees across six design centers worldwide will get new jobs at Broadcom (if they agree to the company's invitation, that is).
The acquisition will give Broadcom ownership of AMD's Xilleon integrated processors, NXT receivers, Theater 300 DTV processors, and panel processors. According to the press release, Broadcom will subsequently be able to "offer a complete product line that covers all segments of the [digital TV] market ranging from low-end value and mid-range quality to high-end interactive platforms and panel processors."