PLX Tech stands alone
Dylan McGrath, EETimes
1/18/2013 4:31 PM EST
PLX Technology, a provider of PCI Express switches and bridges, spent most of last year preparing to be acquired by Integrated Device Technology Inc. (IDT). In April, IDT announced it would acquire PLX in a cash and stock deal worth about $330 million.
That's when the regulators got involved. The U.S. Federal Trade Commission (FTC) did an initial review of the proposed merger, then decided it wanted to take a closer look. When the FTC decided to do a secondary review of the deal, it became an enormous, time-consuming and expensive process, according to David Raun, PLX's president and CEO.
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |
|
Related News
- IDT and PLX Technology Announce Termination of Proposed Transaction and IDT Withdraws Exchange Offer for PLX Technology Shares
- IDT to Acquire PLX Technology, Inc.
- China Bets on Homegrown Chip Tech With RISC-V Push
- Paras Defence Invests in Logic Fruit Technologies to Boost Defence Tech Capabilities at AERO India 2025
- QuickLogic to Showcase Advanced eFPGA Hard IP Solutions at Space Tech Expo Europe 2024
Breaking News
- JEDEC® and Industry Leaders Collaborate to Release JESD270-4 HBM4 Standard: Advancing Bandwidth, Efficiency, and Capacity for AI and HPC
- BrainChip Gives the Edge to Search and Rescue Operations
- ASML targeted in latest round of US tariffs
- Andes Technology Celebrates 20 Years with New Logo and Headquarters Expansion
- Creonic Unveils Bold Rebrand to Drive Innovation in Communication Technologies
Most Popular
- Cadence to Acquire Arm Artisan Foundation IP Business
- AMD Achieves First TSMC N2 Product Silicon Milestone
- Why Do Hyperscalers Design Their Own CPUs?
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- New TSN-MACsec IP core for secure data transmission in 5G/6G communication networks