Friday, December 8, 2017

Silicon Labs Acquires Sigma Designs For $282M

Austin-based Silicon Labs and Silicon Valley's Sigma Designs said on Thursday that Silicon Labs would buy Sigma Designs for $282M, or $7.05 per share in cash. Sigma Labs is a developer of wireless semiconductors. Silicon Labs said the deal will help it expand its wireless connectivity technologies for the smart home, and in particular its Z-Wave products. Silicon Labs was advised by Morgan Stanley & Co., LLC, with Sigma Designs advised by Deutsche Bank.