MaxLinear to Acquire Intel's Home Gateway Platform Division
April 06 2020 - 8:00AM
Dow Jones News
By Michael Dabaie
MaxLinear Inc. agreed to acquire Intel Corp.'s Home Gateway
Platform Division assets in an all-cash, asset transaction valued
at $150 million.
The Home Gateway Platform Division comprises Wi-Fi Access
Points, Ethernet and Home Gateway SoC products deployed across
operator and retail markets.
MaxLinear, a provider of radio frequency, analog and
mixed-signal integrated circuits, said the acquisition will
complement its existing portfolio, as well as creating potential
new revenue opportunities in adjacent target end-markets.
MaxLinear said expects initially to add about $60 million to $70
million in quarterly revenue and the acquisition is expected to
boost its adjusted earnings in the first full quarter post
close.
The company said the deal is expected to close in the third
quarter of 2020. The transaction is not subject to financing
contingencies.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
April 06, 2020 08:45 ET (12:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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