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VOLUME -24 NUMBER 8
Publication Date: 08/1/2009
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August 2009 Issue
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Microtune to Acquire Auvitek
Plano, TX — Microtune, Inc. (NASDAQ: TUNE) has signed a definitive agreement to acquire privately-held Auvitek International, Ltd. for cash and stock and with a potential earn-out.
Microtune, inventor of the single-chip TV tuner, supplies RF silicon and systems solutions for the cable TV, digital TV (DTV) and automotive entertainment markets. Auvitek is a supplier of advanced DTV demodulator integrated circuits (ICs) for the HDTV and TV-enabled peripherals markets with primary engineering operations based in Shanghai, China.
It is anticipated that the addition of Auvitek's complementary digital components will transform Microtune from a pure-play tuner supplier to a developer of highly integrated RF-to-bits solutions. Upon the close of the acquisition, Auvitek will be wholly-owned by Microtune. Birch will become Vice President and General Manager of the newly-formed Microtune Digital Television Business, reporting to Executive Vice President, Barry F. Koch.
Contact: Microtune, Inc., 2201 10th Street Plano, TX 75074
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