Tech Company M&A Transactions
Cicada Semiconductor Acquisition
On 12/29/2003, Cicada Semiconductor was bought by Vitesse Semiconductor. The parties disclosed the acquisition price to be $66 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/29/2003
Transaction Type
M&A
Amount
$66,000,000
M&A Terms
Vitesse Semiconductor Corporation (Nasdaq:VTSS) ("Vitesse" or the "Company") today announced a definitive agreement to acquire all of the outstanding equity interests of Cicada Semiconductor Corporation ("Cicada") for approximately $66 million in cash.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
811 Barton Spring Rd.
Austin, TX 78704
USA
Austin, TX 78704
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Cicada Semiconductor is a fabless semiconductor company that designs, manufactures, and markets DSP and mixed-signal integrated circuits for the communications industry to send information faster and farther over existing copper cabling and system backplanes within Local, Wide and Storage Area Networks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nick Bavel
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Prev: 12/22/2003: Skylight Healthcare Systems venture capital transaction
Next: 12/30/2003: SoftCoin venture capital transaction
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