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Entropic Receives U.S. Court Approval to Acquire Trident Microsystems' Set-Top-Box SoC Assets
Update: Entropic was acquired by MaxLinear for a total consideration of $287 million on February 3, 2015.
SAN DIEGO, March 9, 2012 -- Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon and software solutions to enable connected home entertainment, today announced that its agreement with Trident Microsystems' for the acquisition of Trident's set-top-box system-on-a chip (SoC) assets has been approved by the United States Bankruptcy Court for the District of Delaware.The transaction, which remains subject to customary closing conditions, is expected to close by the end of the first calendar quarter of 2012.
Entropic will provide additional details as to the financial implications of the transaction and guidance for the combined business following the close of the transaction.
About Entropic Communications
Entropic Communications, Inc. (Nasdaq:ENTR) is a leading fabless semiconductor company that is engineering the future of connected home networking and entertainment by providing next-generation silicon and software technologies to the world's leading cable, telco and satellite service providers, OEMs and consumer electronics manufacturers. As a co-founder of MoCA (Multimedia over Coax Alliance), Entropic pioneered and continues to evolve the way high-definition television-quality video and other multimedia and digital content such as movies, music, games and photos are brought into and delivered throughout the home. For more information, visit Entropic at www.entropic.com.
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