Friday, December 8, 2017

Sigma Designs Acquired By Silicon Labs For $282M

Fremont-based Sigma Designs said Thursday that it is being acquired by Silicon Labs, in a deal worth $282M. Silicon Labs is paying $7.05 per share in cash for Sigma Designs. Sigma Designs develops the Z-Wave Internet-of-Things (IoT) technology used for smart home traffic. Silicon Labs was advised by Morgan Stanley & Co., LLC, with Sigma Designs advised by Deutsche Bank in the deal.