Broadcom Buys AMD's DTV Biz for $192.8 Mln

By Geoff Duncan
August 25, 2008

Broadcom as closed a deal to acquire AMD's digital TV assets and business for $192.8 million in cash.

After writing down substantial sums on its $5.4 billion purchase of ATI back in 2006, AMD is beginning to divest itself of some of the assets of that sale, announcing today that it has struck a deal with Broadcom to buy all AMD's digital television business and assets for $192.8 million in cash. The announcement follows AMD writing down another $880 million on its ATI acquisition, Hector Ruiz stepping down as CEO, and announcing earlier this year it would be cutting 10 percent of its workforce.

Broadcom hopes to use AMD's DTV assets to scale up its own digital television business and offer a complete product line that covers the entire digital television world, from low-end to high-end interactive platforms and panel processors. AMD makes ...

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