On 3rd March, 2008, Broadcom Corp announced its’ most recent business deal. The announcement made it clear that Broadcom Corp has acquired Sunext Design, a wholly owned subsidiary of Sunext Technology Company Limited, by paying $48 million.
Broadcom Corp Business deals refer to the business deals made by Broadcom Corp. Most Recently, Broadcom Corp made an acquisition deal with Sunext Design.
Sunext Design, which is a wholly owned subsidiary of Sunext Technology, manufactures and supplies semiconductor products.
Profile of Sunext Design
Sunext Design is a subsidiary of Sunext Technology Company Limited. Sunext Design is operated by an experienced design team.
The headquarters of Sunext Design is situated at Sunnyvale,California, whereas, the Sunext Technology Company Limited is headquartered in Hsinchu,Taiwan.
Sunext Technology Company Limited is a major provider of semiconductor products, which are used in ODD(Optical Disk Drive) applications. The design centers of Sunext Technology Company Limited are located in Hsinchu and Taipei of Taiwan and in Sunnyvale of USA. The design center of Sunnyvale , USA is known as Sunext Design Inc.
Details of the Acquisition Deal
The acquisition deal was announced on 3rd March, 2008. The announcement made it clear that Broadcom Corp has acquired Sunext Design by paying $48 million. The transactions of the acquisition deal was completed on 29th February, 2008, after receiving approval from the Board of Directors of Broadcom Corp and Sunext Design.
Through this acquisition deal, Broadcom Corp purchased all outstanding shares of Sunext Design. By this deal, Broadcom Corp also received some license rights from Sunext Technology Company Limited. It has been informed that a major part of the consideration payable to the Sunext Technology Company Limited, is actually subject to receipt of some specific deliverables in the post-closing period. It has also been declared that, Broadcom Corp may charge a one-time fee for the in-process R&D expenditures, occurred during the acquisition deal. But, the company has not yet decided on the amount of fee.