MaxLinear to acquire Exar Corporation for $700 million

MaxLinear agreed to acquire Exar Corporation for approximately $700 million. The transaction is expected to close in the second quarter of 2017.

“The acquisition significantly furthers MaxLinear's strategic goals of increasing revenue scale, diversifying revenues by end customers and addressable markets.”wsgr.com

• 3 sources
• wsgr.comMaxLinear to Acquire Exar Corporation | Wilson SonsiniMar 29, 2017
• investors.maxlinear.comMaxLinear to Acquire Exar in All-Cash Transaction :: MaxLinear, Inc. (MXL)Mar 29, 2017
• globenewswire.comMaxLinear, Inc. Completes Acquisition of ExarMaxLinear Inc.May 12, 2017

Summarized from public sources; check the original articles before acting on it.