Monday, July 24, 2006

AMD Buys ATI

I'm an Intel-ATI kinda guy, but I did use an AMD at my old office in Makati.

That's why I'm wondering what new products will come out of the AMD-ATI merger.

After months of speculation, including a period when it looked like the supposed deal was surely dead, AMD has now officially announced plans to buy graphics giant ATI for $5.4 billion. The sale, which is scheduled to be completed in the fourth quarter pending shareholder, regulatory, and court approval, will result in AMD paying $20.47 (in a mix of cash and stock) for each share of ATI. As you might expect, the news sent ATI's stock price skyrocketing, while shares of AMD dropped due to investor concern that the semiconductor manufacturer is overpaying for its purchase

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