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LSI Logic acquires Metta Technology 22-11-06

LSI Logic has acquired Metta Technology for approximately $7 million in cash. Metta , a privately held company with principal offices in Pune, India, develops multimedia system-on-chip technology and related software for consumer electronics products. Under terms of a definitive agreement, LSI has acquired all outstanding Metta Technology capital stock. Additionally, LSI has retained the Metta Technology workforce consisting of approximately 60 employees, who joined the LSI Consumer Products Group upon closing of the transaction.

 
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