Entropic (ENTR) Acquires Broadcast Satellite IP from PLX Technology (PLXT)

July 11, 2012 8:06 AM EDT
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Entropic Communications, Inc. (Nasdaq: ENTR), has acquired specific direct broadcast satellite intellectual property and corresponding technologies from PLX Technology, Inc. (Nasdaq: PLXT), a leading global supplier of high-speed connectivity solutions enabling emerging data center architectures. The purchased assets relate to the design and development of a digital channel stacking switch (dCSS) semiconductor product for up to $8 million. In addition to the asset purchase agreement, Entropic will pay a one-time $4 million licensing fee for intellectual property which is related to the acquired assets.

In connection with the asset purchase Entropic hired a small engineering team from PLX.

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