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Micron to acquire flash memory maker Numonyx
Both companies have entered an agreement worth $1.27bn that sees Micron acquiring one of world's largest flash memory makers
Flash memory maker Numonyx has been acquired by Micron Technology in a deal valued at about $1.27bn, the two companies said in separate statements on Wednesday.
The pair entered into a definitive agreement for Idaho-based Micron to buy the privately held Numonyx in an all-stock transaction, according to a media statement on Micron's website.
Numonyx, currently owned by STMicro, Intel and Francisco Partners, was launched on 31 March, 2008. Combining Intel's NOR flash business and STMicro's Nand flash business, it was said at the time to be the largest NOR flash supplier and biggest flash supplier to the mobile phone market.
For more on this story, see Micron to buy Numonyx in US$1.2B deal on ZDNet Asia.