$179 mln – the cost of Traffic.com for NAVTEQ

Monday, 6 November, 2006 at 9:36 am | In Internet, Navigation | 1 Comment

NAVTEQ, a leading global provider of digital maps for vehicle navigation and location-based solutions, announced it has agreed to acquire Traffic.com, provider of personalized traffic information in the United States for an equity value of approximately $179 million.  The acquisition of Traffic.com will provide NAVTEQ with proprietary traffic content, as well as the technology and expertise to deliver that content to a wide variety of customers across multiple industries.  The Board of Directors of each company has approved the agreement.

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NVIDIA grabs semiconductors and firmware supplier for PMP

Monday, 6 November, 2006 at 8:28 am | In Computer Graphics, Microelectronics, Personal Electronics | Leave a Comment

NVIDIA Corporation today announced that it has signed a definitive agreement to acquire San Jose, CA-based PortalPlayer, Inc., a leading supplier of semiconductors, firmware, and software for personal media players (PMPs) and secondary display-enabled computers.

Under terms of the agreement, NVIDIA will pay $13.50 in cash for each outstanding share of PortalPlayer common stock, which represents a total purchase price of approximately $357 million, or approximately $161 million net of cash on PortalPlayer’s balance sheet as of September 30, 2006. The purchase price represents approximately a 19% premium to the 20-day average closing price of PortalPlayer through Friday, November 3, 2006. This acquisition has been approved by the Board of Directors of each company and is subject to regulatory approvals and other customary closing conditions.

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Avnet to Buy Access Distribution

Monday, 6 November, 2006 at 8:19 am | In IT distribution, Microelectronics | 3 Comments

Avnet, Inc. and MRA Systems, Inc., a subsidiary of General Electric Company, announced today that they have reached a definitive agreement for Avnet to acquire Access Distribution, a General Electric company and leading value-added distributor of complex computing solutions for $412,5 million in cash, subject to adjustments based upon net book value at closing. It is anticipated that the transaction, which is subject to normal regulatory approvals, will close by the end of calendar 2006.

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