Entropic To Scoop Up Trident Set-Top Box Assets For $65M
By Lance Duroni (February 27, 2012, 1:48 PM EST) -- Entropic Communications Inc. is positioned to buy bankrupt Trident Microsystems Inc.'s set-top box business for $65 million after winning an auction that drove up its initial bid by $10 million, Entropic said Monday.
The offer will go before a Delaware bankruptcy judge for final approval March 6, and Entropic expects the deal to close by the end of the first quarter of 2012.
"Our successful bid brings us closer to adding Trident's complementary assets, portfolio, research and development, and global presence to Entropic. We believe the acquisition brings inherent value to both organizations' customers, employees and partners, and we look forward...
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