FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Xilinx to be Acquired by AMD in $35 Billion Deal”
Xilinx (NASDAQ: XLNX) opened over 12% higher today after AMD agreed to buy the company in a 35 billion dollar all stock transaction.
Valuing Xilinx at 143 dollars per share, the transaction is intended to be a tax-free reorganization for U.S. federal income tax purposes according to the companies and is expected to close at the end of 2021.
Xilinx, Inc. develops highly flexible and adaptive processing platforms that enable rapid innovation across a variety of technologies – from the cloud, to the edge, to the endpoint. Xilinx is the inventor of the FPGA and Adaptive SoCs (including our Adaptive Compute Acceleration Platform, or ACAP), designed to deliver the most dynamic computing technology in the industry. We collaborate with our customers to create scalable, differentiated and intelligent solutions that enable the adaptable, intelligent and connected world of the future.
For more information, please visit: Advanced Micro Devices, Inc.
For more information, please visit: Xilinx, Inc.
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