MediaTek, a fabless semiconductor companie for wireless communications and digital media solutions, announced that it has signed a definitive agreement to acquire the assets related to the Analog Devices Othello radio and SoftFone baseband chipset product lines, as well as certain cellular handset baseband support operations, for approximately US$350 million in cash. These product lines represented approximately US$230 million in revenue for ADI, based on fiscal year 2006 financial results.
Source: www.channel-e.biz