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M&A Deal Summary

Micron Acquires Lexar Media

On March 8, 2006, Micron acquired technology hardware company Lexar Media for 688M USD

Acquisition Highlights
  • This is Micron’s 1st transaction in the Technology Hardware sector.
  • This is Micron’s 4th largest (disclosed) transaction.
  • This is Micron’s 2nd transaction in the United States.
  • This is Micron’s 1st transaction in California.
Investment Fate
  • Lexar Media was divested to a consortium of strategic buyers in 2017.

M&A Deal Summary
Date 2006-03-08
Target Lexar Media
Sector Technology Hardware
Buyer(s) Micron
Deal Type Add-on Acquisition
Deal Value 688M USD

Target

Lexar Media

Milpitas, California, United States
Lexar Media, Inc. is a marketer and manufacturer of NAND flash memory products including memory cards, USB flash drives, card readers and ATA controller technology for the digital photography, consumer electronics, industrial and communications markets.

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Buyer(S) 1

Buyer

Micron

Boise, Idaho, United States
Category Company
Founded 1978
Sector Semiconductors
Employees48,000
Revenue 25.1B USD (2024)
DESCRIPTION

Micron is a provider of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. Micron was founded in 1978 and is based in Boise, Idaho.

DEAL STATS #
Overall 2 of 11
Sector: Technology Hardware M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 8
State: California M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2006 M&A 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-18 Texas Instruments - Semiconductor Memory Business

United States

Texas Instruments - Semiconductor Memory Business is a provider of memory chips.

Buy $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-13 Displaytech

Longmont, Colorado, United States

Displaytech, Inc. develops, and markets High resolution miniature displays for projection and magnified-view applications.

Buy -
Mergr

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