Freescale bought for $17.6B

Submitted by tuxtops on Mon, 09/18/2006 - 22:58

Freescale, one of the world's largest device-oriented semiconductor manufacturers, is being acquired by a private equity consortium in a transaction valued at $17.6 billion. The company was formed in 2004 when Motorola spun out its semiconductor division, and is a leading supplier of silicon to Motorola and other cellphone manufacturers.