SMSC Acquires BridgeCo for $67,500,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f20b6ae-5a24-42fb-bb1a-34d98b829099&Preview=1 -
Date
5/20/2011 -
Company Name
BridgeCo -
Mailing Address
400 Continental Blvd 6th Floor El Segundo, CA 90245 -
Company Description
BridgeCo, a networked entertainment pioneer, offers the world’s most comprehensive, cost-effective and highly integrated processor IC and software platforms for connecting Internet media sources, computers and consumer electronics throughout the home. -
Website
http://www.bridgeco.com -
Transaction Type
M&A -
Transaction Amount
$67,500,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
SMSC paid $40 million in cash and additional cash payments of up to $27.5 million may occur upon achievement of certain performance goals.
