VIA Announces It Sold Off Part Of Its Assets
Written by Michael Larabel in VIA on 31 July 2015 at 09:03 AM EDT. 5 Comments
VIA --
It's been a while since last hearing anything major out of VIA Technologies, but they made an announcement today...

VIA sent over a very brief press release this morning:
Taipei, Taiwan, 31 July, 2015 - VIA Technologies, Inc. today announced that VIA Telecom has reached a definitive agreement to sell part of its assets to an undisclosed buyer. Assuming satisfactory customary closing conditions, the company anticipates that the transaction will be completed by the end of the third quarter. The company evaluates that the transaction will contribute an investment gain of around US$100 million.

VIA Telecom is VIA's mobile phone business focused on CDMA baseband processors and other mobile chipsets.

Earlier this year were reports that Intel Corporation was planning to buy VIA Telecom for around $500 million, but no word yet if this undisclosed buyer is still Intel but at a lower price or who is the suitor.
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