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Synaptics to acquire DisplayLink

Tuesday 21 July 2020 | 09:38 CET | News
Synaptics announced the signing of a definitive agreement to acquire DisplayLink, a specialist in high-performance video compression technology, for USD 305 million in an all-cash transaction. The deal is expected to close in Synaptics' first quarter of fiscal year 2021, subject to customary closing conditions, and be financed from existing cash on hand. Synaptics expects the transaction to add approximately USD 94 million in annualised sales.

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Categories: General
Companies: Broadcom / Synaptics
Countries: World
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