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 Gameguru Mania News - Jul,24 2006 -  
AMD agrees to buy ATI for about $5.4 billion! - briefly
(hx) 12:23 PM CEST - Jul,24 2006 - Post a comment / read (2)
Dave Orton (ATI) and Hector Ruiz (AMD) shake on the deal
The wait is over, ATI and AMD have sealed the deal! AMD agreed to buy ATI Technologies Inc. for $5.4 billion, adding computer-graphics chips to its product lineup. ATI stockholders will receive $20.47, including $16.40 in cash and 0.2229 Advanced Micro shares, for each ATI share, the companies said in a Business Wire statement. The offer is 24 percent more than ATI's closing price last week.
The combination will create a processing powerhouse by bringing AMD's technology leadership in microprocessors together with ATI's strengths in graphics, chipsets and consumer electronics. The result: A new and more formidable company, determined to drive growth, innovation and choice for its customers, particularly in the commercial and mobile computing segments and in the rapidly-growing consumer electronics market. Combining technologies, people, and complementary strengths, AMD plans to deliver in 2007 customer-centric platforms for the benefit of customers who want to collaborate in the development of differentiated solutions.
last 10 comments:
xxxx(06:25 PM CEST - Jul,24 2006 )
Watch AMD stock FALL! Wooo...Cuz it will!

At least now ATI has a chance in hell of competing with nVidia..though I still think nVidia will kick their butt..

djRom(07:46 PM CEST - Jul,24 2006 )
AMD is behind in the processor race...ATI is behind in the video card race. They are match made in heaven.

I tend to think that the worst of each company will hinder the other and cause the whole thing to ultimately fail.

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