Chipmaker MaxLinear to buy Silicon Motion Technology in $3.8 bln deal (updated)

Silicon Motion Technology

05/05/2022 12:57

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    May 5 (Reuters) - Chipmaker MaxLinear Inc  MXL.N  said on
Thursday it will buy Taiwan-based Silicon Motion Technology
 SIMO.O  for $3.8 billion in a cash-and-stock deal.
    The offer price of $114.34 per share is at a 41% premium to
Silicon Motion's close on Wednesday, when the deal talks were
reported.
    Qualcomm rival MediaTek  2454.TW  Thad was also interested
in buying Silicon Motion, according to media reports.
    Silicon Motion, which makes NAND flash controllers, has been
working with advisers and holding talks with potential suitors
amid takeover interest, Bloomberg News reported in April.

 (Reporting by Chavi Mehta in Bengaluru; Editing by Sriraj
Kalluvila and Shounak Dasgupta)
 ((Chavi.Mehta@thomsonreuters.com))