MaxLinear Inc. has agreed, in combination with an unidentified wholly owned subsidiary, to buy Intel's Home Gateway Platform Division assets in an all-cash transaction valued at $150 million. The company expects the deal to close in the third quarter of this year. The closing is subject to customary closing conditions, including regulatory approvals, but is not subject to financing contingencies, according to MaxLinear. The Home Gateway Platform Division includes Wi-Fi access points, Ethernet, and home gateway system-on-chip (SoC) devices used in end-customer operator and retail products. MaxLinear says the acquisition will enable it to more effectively offer a "complete and scalable platform of connectivity and access solutions" as well as open new revenue opportunities. The company expects the assets will initially add approximately $60 million to $70 million in quarterly revenue, with the acquisition accretive to MaxLinear's non-GAAP earnings in the first full quarter after close.
展开▼
