Microtune Buying Auvitek International
Microtune Inc. (Nasdaq: TUNE) has agreed to acquire Auvitek International Ltd., a Fremont, Calif.-based maker of ICs for the digital TV and multimedia convergence markets. The deal is valued at approximately $9 million in cash and stock. Auvitek has raised around $13 million in VC funding from firms like KLM Capital Group, Storm Ventures, VenGlobal Capital and Scale Venture Partners.
13 July 2009•4 mins read
