Sony Electronics Acquires Altair Semiconductor for $212,000,000

  • Feed Type
  • Date
    1/26/2016
  • Company Name
    Altair Semiconductor
  • Mailing Address
    1400 Preston Rd. Plano, TX 75093 USA
  • Company Description
    Altair is a fabless semiconductor company based in Israel that is developing state of the art, ultra low power mobile WiMAX silicon solutions optimized for handsets and handheld devices.
  • Website
    http://www.altair-semi.com
  • Transaction Type
    M&A
  • Transaction Amount
    $212,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The purchase price is 212 million U.S. dollars (approximately 25 billion yen), and Sony expects to complete the acquisition in early February, 2016. With the acquisition of Altair, Sony aims to not only expand Altair’s existing business, but also to move forward with research on and development of new sensing technologies.

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