Synaptics (SYNA) to Sell Mobile LCD TDDI Business to Hua Capital for $120 Million
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Synaptics Announces Divestiture of Mobile LCD TDDI Business to Hua Capital
December 19, 2019 8:01 AM ESTSAN JOSE, Calif., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Synaptics Incorporated (NASDAQ: SYNA), the leading developer of human interface solutions, today announced it has signed a definitive agreement to divest its Asia-based, mobile LCD TDDI business to Hua Capital, through a special purpose entity backed by Hua-Capital Cayman, L.P., for $120 million in cash.
This transaction is consistent with Synaptics strategy of focusing on differentiated franchises and investing in areas where we can deliver... More
