Ikanos will pay $12 million for Centillium’s DSL business, Ikanos...
Ikanos will pay $12 million for Centillium’s DSL business, Ikanos said Tuesday. Upon the all-cash deal’s closing, Ikanos expects to hire “a portion of Centillium’s engineers,” acquire all DSL products and intellectual property rights, and expand its customer base…
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in Europe and Japan, it said. Ikanos expects to close by the end of February but must first obtain “necessary assignments of contracts,” a spokeswoman said. Centillium’s advanced mix signal and analog technology will broaden Ikanos development capabilities, accelerating its next-generation digital home initiatives, Ikanos CEO Michael Ricci said in a conference call. Starting Q2, Centillium expects the sale to reduce operating expenses about $18 million yearly, the semiconductor maker said.