Nvidia to Acquire iPod Chip Maker
Techtree News Staff, Nov 07, 2006 1421 hrs IST
Nvidia Corp is all set to acquire California-based PortalPlayer, Apple Computer's supplier of MP3 decoder and the controller chip that goes into its iPod.
Techtree News Staff, Nov 07, 2006 1421 hrs IST
Nvidia Corp is all set to acquire California-based PortalPlayer, Apple Computer's supplier of MP3 decoder and the controller chip that goes into its iPod.
Nvidia Corp is all set to acquire California-based PortalPlayer, Apple Computer's supplier of MP3 decoder, as also the controller chip that goes into its wildly popular iPod.
Founded in 1999, the company is known for its high performance system-on-chip (SoC) technology that powers some world-renowned MP3 digital music players.
Under the definitive agreement, Nvidia will pay $13.50 in cash for each outstanding share of PortalPlayer common stock, which represents a total purchase price of approx $357 million, or approx $161 million net of cash on PortalPlayer s balance sheet as of September 30, 2006.
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