Synaptics to acquire Broadcom's wireless IoT business for $250M

Synaptics signed definitive agreements to acquire certain assets and manufacturing rights associated with Broadcom's wireless IoT business for approximately $250 million in an all-cash transaction. The deal includes Wi-Fi, Bluetooth and GPS/GNSS products.

“Synaptics will acquire certain rights to Broadcom’s existing Wi-Fi, Bluetooth and GPS/GNSS products and business in the IoT market as well as future roadmap devices designed in advanced process nodes.”sec.gov

• 1 source
• sec.govEX-99.1Jul 7, 2020

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