Microbuyouts in full swing, as cash is king


Vitesse has bought Cicada for $66 million reports CNET News.com. The two chip makers (Vitesse makes high-speed comm chips and CIcada makes DSPs) had been partnering on network switches. Cicada has raised $37 million in venture capital to date from the likes of Silicon Valley Bank and Sevin Rosen Funds. Elsewhere, Rambus, a memory chip related technology company bought the high-speed signaling assets of Milpitas, Calif.-based Velio Communications, developer of high bandwidth/low power communications semiconductors, for $13 million in cash. These kind of micro buyouts and cash deals have increased in past few months as some of the larger players are trying to fill out the holes in their product lines.

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