AMD agrees to buy ATI for $5.4bn
Bit of a shocker lol
Advanced Micro Devices (AMD), the chipmaker that has started supplying processors for Dell computers, has agreed to buy rival ATI Technologies. AMD wants to boost sales and close the gap between it and market leader Intel.
It will pay $5.4bn, $4.5bn (£3bn) in cash and make up the rest in equity. That values ATI shares at $20.47 each, 24% more than their close on Friday. Despite concerns about the price of the deal, analysts said buying graphics chipmaker ATI did make sense for AMD.