It was no rumor folks… the deal is done!
NEW YORK-July 24, 2006-AMD (NYSE: AMD) and ATI (TSX: ATY,
NASDAQ: ATYT) today announced plans to join forces in a transaction
valued at approximately $5.4 billion. The combination will create a
processing powerhouse by bringing AMD’s technology leadership in
microprocessors together with ATI’s strengths in graphics, chipsets and
consumer electronics. The result: A new and more formidable company,
determined to drive growth, innovation and choice for its customers,
particularly in the commercial and mobile computing segments and in the
rapidly-growing consumer electronics market. Combining technologies,
people, and complementary strengths, AMD plans to deliver in 2007
customer-centric platforms for the benefit of customers who want to
collaborate in the development of differentiated solutions.
You can read the rest of the press release right here. This is going to get interesting…
Published on July 24, 2006