M&A Deal Summary

GlobeSpan Acquires Virata

On December 17, 2001, GlobeSpan acquired semiconductors company Virata for 1.3B USD

Acquisition Highlights
  • This is GlobeSpan’s 1st transaction in the Semiconductors sector.
  • This is GlobeSpan’s largest (disclosed) transaction.
  • This is GlobeSpan’s 2nd transaction in the United States.
  • This is GlobeSpan’s 2nd transaction in California.

M&A Deal Summary
Date 2001-12-17
Target Virata
Sector Semiconductors
Buyer(s) GlobeSpan
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Virata

Santa Clara, California, United States
Virata Corp. is a provider of integrated circuits, software, and system designs for broadband applications.

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Buyer(S) 1

Buyer

GlobeSpan

Red Bank, New Jersey, United States
Category Company
Sector Semiconductors
DESCRIPTION

GlobeSpan, Inc. is a provider of integrated circuit, software, and system designs for digital subscriber line (DSL) applications which enable high speed data transmission over existing copper wire telephone lines at rates over 100 times faster than today's 56 Kilobit modems. Both Cahners?Instat and Dataquest have ranked GIobeSpan number one in DSL chipset shipments.

DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2001) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-24 T.sqware

Santa Clara, California, United States

T.sqware, Inc. is a developer of programmable network processor technology and products based in Santa Clara, CA.

Buy $200M
Mergr

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