Micron Technology Buys Numonyx for $1.2 Billion
Micron Technology Inc. (Nasdaq: MU) has acquired flash memory company Numonyx BV for $1.2 billion in stock. Numonyx was formed in 2008 as a joint venture between Intel Corp., STMicroelectronics and Francisco Partners. Intel contributed its NOR assets for a 45.1% stake, STM contributed its NOR and NAND assets for a 48.6% stake and Francisco invested $150 million for a 6.3% stake.
13 May 2010•2 mins read
