Teja, multiprocessor co., acquired by ARC for loss
ARC International, a chip company in Elstree, England, said it has acquried the assets of Teja Technologies, a private San Jose, Ca. multiprocessor company, to help improve ARC’s products.
The acquisition price was $5 million, with $3.4 million paid upfront, and the rest distributed once certain milestones are reached. That’s a lot less than what investors pumped into the company over the past eight years: Teja was founded in 1999, and raised about $24 million from… Continue Reading