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Sigma Designs, Inc. to Acquire CopperGate Communications Ltd. Creating a Leading Provider of Networked Home Entertainment Semiconductor Solutions.

Publication: Business Wire
Publication Date: 13-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
MILPITAS, Calif. & TEL AVIV, Israel -- Sigma Designs[R], Inc. (NASDAQ:SIGM) ("Sigma") and CopperGate Communications Ltd. ("CopperGate") today announced that the companies have entered into a definitive agreement for Sigma to acquire CopperGate in a cash and stock transaction with an agreed value of $160 million, net of CopperGate's cash at the closing of the transaction.

CopperGate is a leading provider of silicon-based modem solutions enabling distribution of broadband digital content over all three types of wires in the home: coax, phone and power. CopperGate solutions are deployed by service providers enabling the delivery of HDTV, VoIP and fast Internet services. CopperGate is headquartered in Tel Aviv, Israel with operations in the U.S. and Taiwan.

The combination of Sigma and CopperGate creates a leading provider of networked home entertainment semiconductor solutions. The companies have highly complementary technology platforms that form a portfolio of end to end solutions. The transaction further strengthens Sigma's position and expands its footprint with key customers, in addition to enabling cross selling opportunities.

"Sigma is committed to offering superior semiconductor solutions for the networked home entertainment...

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