Advanced Television

Entropic wins Trident STB auction

February 27, 2012

Silicon and software solutions provider Entropic Communications has been selected as the successful bidder to acquire Trident Microsystems’ set-top box (STB) system-on-a-chip (SoC) assets for a purchase price of $65 million, a $10 million dollar increase to its original offer.

Confirmation follows the completion of an auction, and the final transaction is subject to approval of the United States Bankruptcy Court for the District of Delaware. A court order authorising Trident to sell the STB SoC assets to Entropic is expected to be entered on or about March 6, 2012.

“This acquisition marks an important milestone for Entropic and is an exciting new chapter in our company’s history, enabling us to combine our best-in-class MoCA solutions, including MoCA 2.0, with Trident’s STB SoC business to deliver a complete system solution to the world’s premier cable, telco and satellite service providers, while expanding our total addressable market over the next several years,” said Patrick Henry, president and CEO, Entropic.

Entropic expects to make employment offers to approximately 375 Trident employees worldwide.

The transaction, which remains subject to customary closing conditions, is expected to close by the end of the first calendar quarter of 2012. Entropic will provide additional details as to the financial implications of the transaction and guidance for the combined business following the close of the transaction.

Categories: Articles, Business, M&A, STB