Nvidia goes for the gadgets, buys PortalPlayer
Nvidia Corporation has purchased PortalPlayer, a maker of portable media player hardware, in a $357 million dollar deal. PortalPlayer makes semiconductors, firmware and software for MP3 players and portable media players and the merger could allow Nvidia to expand from its computer-based roots into the gadget space.
Jen-Hsun Huang, president and CEO of NVIDA, said, "We intend to drive the next digital revolution, where the mobile device becomes our most personal computer." Nvidia already sells some mobile chips, including the GoForce 5500 that was demonstrated at the CTIA 2006 convention in Los Angeles. You can watch a TG Daily video of the chip in action here.
Nvidia will pay $13.50 for each share of PortalPlayer common stock for a total purchase price of $357 million. The Board of Directors for both companies have approved the transaction.
- nvidia ,
- buys ,
- portalplayer
- Microsoft-Novell peace deal could create two-tier Linux market
- Public key cryptography turns thirty
- Red Hat faces big threats to business, stock price
- Man fired for downloading porn to be re-hired
- Microsoft takes Zune website live
- AOL opens new AIM tools to developers
- Samsug to releases fanless sub-notebook
- Intel and Micron to build 50 nm flash fab
- Google to sell newspaper advertising
- Dell starts selling AMD-powered Latitude notebooks
- Microsoft lanches 3D maps for Web search
- NTP back with a vengeance - sues Palm
- Be Superman with Microsoft's 3D Virtual Earth
- Starbucks loses four laptops with 60,000 Social Security numbers
- Best Buy cancels PS3 pre-orders
- Xensource promises faster and cheaper virtualization
- Samsung considers investing in second 8G line with Sony
- Compal ships record amount of notebooks in October
