Micronas, a consumer electronics semiconductor designer and manufacturer, has signed an agreement to acquire LINX Electronics, a provider of digital television technology for reception of high-definition television (HDTV) signals.
The transaction, which is valued at $26 million in cash and stock, includes all development activities and patents held by LINX Electronics. The deal is expected to be completed in June.
It is not yet clear how many of the 20 engineers employed by Chicago-based LINX Electronics will be affected by the acquisition.
For more information visit www.micronas.com.