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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..."

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