Broadcom on Tuesday said that it completed the acquisition of Advanced Micro Devices' digital TV chip business--at a discount to the original price.
On August 25, the two companies announced a price for the unit of $192.8 million. But Broadcom now expects that AMD's digital TV business will have fourth-quarter revenue of between $15 million and $20 million, lower than previously expected, the Irvine, Calif.-based company said.
Accordingly, the price has been slashed to $141.5 million, about a 27 percent reduction from the original price.
Broadcom had said in August that AMD's DTV unit would … Read more