Oct 31, 2008 (M2 PRESSWIRE via COMTEX) -- BRCM | Quote | Chart | News | PowerRating -- AMD has
announced completion of the sale of its Digital TV (DTV) processor business to Broadcom Corp.
AMD noted the company announced an agreement to sell its DTV business on August 25 as part of its strategy to become leaner and more focused, while seeking to create a business model to deliver sustainable profitability and leadership in core x86 computing and graphics businesses.
In connection with the business sale, AMD received approximately $141.5 million in cash, subject to certain escrows and adjustments pursuant to the terms of the definitive asset purchase agreement.
Advanced Micro Devices is a technology company.
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