Qualcomm Picks Up Pixtronix

Pixtronix, an Andover, MA-based maker of low-power displays, has been acquired by San Diego tech giant Qualcomm (NASDAQ: QCOM), according to Scott Kirsner’s Innovation Economy blog. Terms of the purchase weren’t disclosed, but the report cites a price range of $175-200 million, based on sources close to the deal. A source of mine confirmed the deal but couldn’t provide any details on the record.

Pixtronix started in 2005 and has raised a little more than $50 million in venture funding from Atlas Venture, Kleiner Perkins Caufield & Byers, and other investors. The company reportedly has 45 employees, and they’ll stay in Andover. Pixtronix is led by CEO Anthony Zona.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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