Acquicor Technology has agreed to acquire Jazz Semiconductor, via a $260 million reverse merger.
See the full announcement on Acquicor’s home page (you’ll have to scroll down).
Acquicor, as you’ll recall is the blank check acquisition company founded by Apple Computer co-founder Steve Wozniac, along with former Apple executives Gilbert Amelio and Ellen Hancock. We wrote about it here.
Jazz, of Newport Beach, is a wafer foundry that was a joint venture formed in 2002 between the Carlyle Group and Conexant Systems. Jazz had been planning a $105 million IPO. Acquicor is based in Irvine, CA.
8:42 am
Oliver Thylmann’s Blog » Acquicor buys Jazz Semiconductors said:
[...] I wrote about Acquicor in March and the company has now filled it’s purpose and bought Jazz Semiconductors for $260 Million. As a reminder, the company was formed simply to buy another company. That’s called SPAC, special purpose acquisition corporation. (source) [...]
5:55 am
Oliver Thylmann’s Thoughts » Acquicor buys Jazz Semiconductors said:
[...] I wrote about Acquicor in March and the company has now filled it’s purpose and bought Jazz Semiconductors for $260 Million. As a reminder, the company was formed simply to buy another company. That’s called SPAC, special purpose acquisition corporation. (source) [...]