AfterDawn: Tech news

Micron finishes Elpida acquisition

Written by Andre Yoskowitz @ 29 Jun 2012 12:27

Micron finishes Elpida acquisition Micron has finished its acquisition of bankrupt DRAM maker Elpida Memory.
The US memory maker will pay about $2.5 billion for Elpida's assets, just two months after the Japanese company declared bankruptcy.

Micron Technology "has since assessed Elpida production facilities and technologies and held negotiations on debt forgiveness with creditors of Elpida, including financial institutions, leasing companies, and major holders of Elpida bonds," says Xbit.

For the $2.5 billion price tag, Micron will get all of Elpida's manufacturing facilities, intellectual properties and other assets. $1.7 billion will go to the creditors of Elpida, and another $800 million will go to uncollaterized loan holders.

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