MEMC Buying VC-Backed Solaicx

MEMC Electronic Materials Inc. (NYSE: WFR) has agreed to acquire Solaicx Inc., a Santa Clara, Calif.-based maker of silicon wafers for photovoltaic panels. The deal is valued at $66 million in cash, plus up to another $10 million based on incoming investment. Solaix has raised over $50 million in VC funding from D.E. Shaw, Applied Ventures, Big Sky Ventures, Firsthand Capital Management, Labrador Ventures and Greenhouse Capital Partners.

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