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AMD/ATI presser
AMD + ATI = True Love
These crazy kids are perfect for each other.
Love is in the air today; chipmakers ATI and AMD held their engagement party this morning, announcing that the two will forge the ties that bind in the fourth quarter of this year. In a combined cash and stock deal, AMD will pay out $16.40 in cash plus 0.2229 shares of its own stock in exchange for each ATI share (assuming that Canadian and U.S. regulation bodies -- plus a majority of ATI shareholders -- approve of the union).
It's a long-anticipated merger, and it creates a company with the ability to provide every significant chip in an entire PC, something Intel(Nasdaq: INTC) has been doing for years. That includes the main processor from AMD, and core logic chipset and graphics from ATI. Plus it opens up the possibility of combining elements from each company's design philosophies into entirely new processing units.
These crazy kids are perfect for each other.
Love is in the air today; chipmakers ATI and AMD held their engagement party this morning, announcing that the two will forge the ties that bind in the fourth quarter of this year. In a combined cash and stock deal, AMD will pay out $16.40 in cash plus 0.2229 shares of its own stock in exchange for each ATI share (assuming that Canadian and U.S. regulation bodies -- plus a majority of ATI shareholders -- approve of the union).
It's a long-anticipated merger, and it creates a company with the ability to provide every significant chip in an entire PC, something Intel(Nasdaq: INTC) has been doing for years. That includes the main processor from AMD, and core logic chipset and graphics from ATI. Plus it opens up the possibility of combining elements from each company's design philosophies into entirely new processing units.
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