Freescale and Samsung
It is impossible to keep a secret in this business. Everyone knows that Freescale is being shopped around and there is interest.
From Yahoo Finance:
The parties that Freescale is speaking to could not be learned. The New York Post first reported that Freescale was working with investment banks to explore a sale. Freescale shares were up 8.5 percent at $37.66 in morning trading, giving it a market value of $11.5 billion.
Well, I've done some learning and apparently Samsung is the suitor and the deal is pretty much done. Of course no deal is done until it is done, and one of the reason for engaging investment bankers is to get the price up by getting some other players into the ring. Samsung would make a lot of sense, they already have a major presence in Austin where Freescale is headquartered. In fact I believe the Samsung fab in Austin is the largest in the US, bigger than anything Intel has, or GlobalFoundries or...anyone else...Micron I guess.
To read the full article, click here
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