Pixelworks to Acquire ViXS Systems

By Bob Raikes

pixelworksPixelworks is to acquire Vixs in a deal that values the company at $20.2 million, a premium of nearly 50% to the stock price at the time of the announcement. The deal is expected to close in the third calender quarter of 2017 and Pixelworks said that it expects the deal to be accretive to its full-year 2018 earnings per share, despite some dilution.

Analyst Comment

This looks like a good deal for Vixs, which hit a turbulent time a year or two ago. It has some good technology based on high quality transcoding and also has technology for assisting the development of FTA content in North America. It recently divested its legacy Moca business. (ViXS Sells MoCA Business to MaxLinear) (BR)