PC Magazine: AMD Agrees To Buy ATI In $5.4 Billion Deal
Jul 24, 2006, 12:45 (5 Talkback[s])
(Other stories by Mark Hachman)
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"On Monday, AMD agreed to acquire graphics powerhouse ATI
Technologies in a surprise $5.4 billion deal that will radically
alter the landscape of the PC component industry.
"ATI will become 'the ATI business division,' within AMD, and
its chief executive and president, Dave Orton, will become an
executive vice president reporting to both AMD president and chief
operating officer Dirk Meyer and AMD's chief executive, Hector
Ruiz. The deal, if agreed to by shareholders, will total $4.2
billion in cash and 57 million shares of AMD common stock, which
the company is valuing at $18.26 per share..."