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AMD acquires ATI for $5.4B

updated 03:30 pm EDT, Mon July 24, 2006

AMD buys ATI for $5.4B

AMD has agreed to purchase ATI for roughly $5.4 billion in cash and stock in an effort to expand its product mix. The terms of the deal would include $4.2 billion in cash and 57 million shares of AMD common stock, with AMD paying $20.47 for each ATI share at a 24 percent premium above ATI's closing stock price on Friday, according to Reuters. ATI currently supplies the majority of Graphics Processing Units used in Apple's computer systems, but AMD's arch-rival Intel supplies the Cupertino-based company's CPUs for its new Intel-based Macs. The consideration for every outstanding share of ATI is made up of $16.40 in cash and 0.2229 share of AMD common stock, according to the report. AMD said it expects to fund the cash portion of the deal with a mix of cash and new debt.




by MacNN Staff

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  1. bigpoppa206

    Joined: Dec 1969

    0

    So now Apple

    Will have to deal with AMD in some respect. Niiiceeeee! Maybe down the road...

  1. Fast iBook

    Joined: Dec 1969

    0

    Possibly

    It would be nice to see amd, intel, and ppc offerings living in harmony in an expanded apple product line which addresses the issue of some products being overkill for what the potential will ever need or want, but the next tier down being far short of the buyer's immidiate requirements. Some day, maybe.

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