According to Bloomberg, Silicon Motion Technology (SIMO) is exploring a potential sale amid takeover interest

POTENTIAL DEAL DETAILS

Stock Silicon Motion Technology Corp. Symbol SIMO
Date Announced 04/24/2022 Source Bloomberg
Type Company Seeking Strategic Alternatives
Date of Confirmation: 05/05/2022 Price at Confirmation: $81.20
Potential Profit: -6.69% Annualized Profit: -221.92%

Silicon Motion Technology Corp. (SIMO) is exploring a potential sale amid takeover interest in the semiconductor firm, according to people familiar with the matter.

Update(s):

May 4, 2022: MaxLinear Inc. (MXL) is in talks to acquire fellow chipmaker Silicon Motion Technology Corp., (SIMO) according to people familiar with the matter.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.

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