Small cells

MACOM to Buy Mindspeed for $272M

Communications chip supplier Mindspeed said Tuesday afternoon that it will sell most of its business to rival M/A-COM Technology Solutions Holdings for $272 million in cash while talking to a potential buyer for its wireless operations "in the coming weeks."

M/A-COM Technology Solutions Inc. will offer $5.05 in cash for Mindspeed Technologies Inc. (Nasdaq: MSPD)'s outstanding shares for its analog busineess and other operations. The companies expect the deal to close by the end of the year.

Mindspeed also says it is "advanced discussions" with a strategic acquirer for the wireless side of its business. That deal could come down within weeks, according to the company.

Amongst its wireless assets is the Picochip team. [Ed note: Or those that stuck around.] Picochip was a well-regarded small cell chip startup from the UK that Mindspeed bought in 2012 for $51.8 million. (See Mindspeed Snaps Up Picochip for $51.8M.)

At the time, the companies said that their common customers included Alcatel-Lucent (NYSE: ALU), Cisco Systems Inc. (Nasdaq: CSCO), and Samsung Corp.

There's no word yet on what Mindspeed's standalone wireless assets might be valued at.

— Dan Jones, Mobile Editor, Light Reading

DanJones 11/7/2013 | 2:35:53 PM
Re: Who's left from Picochip Chuck, still some of the team hanging on there, apparently. One possible exit is a "fire hire sale" where another company gets some SOC know-how for cheaps.
chuckj 11/7/2013 | 2:03:44 PM
Re: Who's left from Picochip I doubt anyone is left from picochip.  Besides it is already obsolete stuff with miniscule sales and who wants to just buy the supply chain, you are just asking for a big head ache with no customer support.
DanJones 11/6/2013 | 11:32:31 AM
Re: Cisco? Possibly, Broadcom is also a contender I suspect.
Sarah Thomas 11/6/2013 | 11:03:18 AM
Cisco? Cisco is M&A happy and might need a bit more help on the small cell front. Think it could be the potential bidder for Mindspeed's wireless business? 
DanJones 11/5/2013 | 7:24:19 PM
Who's left from Picochip We know Rupert Baines has gone on to consult with LTE TDD small cell startup Accelleran. How many others left do you reckon?
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