Tuesday July 25, 2006

AMD agrees to buy ATI for $5.4 billion

news.yahoo.com :

Advanced Micro Devices said it would buy Canadian graphics chipmaker ATI Technologies for $5.4 billion, in what analysts called an aggressive but expensive move to compete with Intel. The deal will give AMD, the No. 2 supplier of computer processors, better high-end graphics products for mobile computing, gaming and media markets.

While there are potential savings from the deal, it also compounds the risk facing AMD, which is embroiled in a bitter price war with Intel, analysts said. It expects to finance the cash portion of the transaction with a combination of cash and new debt. Ratings agencies Standard & Poor's and Moody's Investors Service said they may cut AMD's credit ratings as a result of the acquisition.

(2006-07-25 19:14:56 SGT) [Biz] Permalink

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