MaxLinear to Acquire Exar Corporation
On March 29, 2017, MaxLinear, a leading semiconductor company, and Exar Corporation, a designer and developer of high-performance analog mixed-signal ICs and sub-system solutions, announced that they have entered into a definitive agreement under which MaxLinear has agreed to acquire Exar for approximately $700 million. Wilson Sonsini Goodrich & Rosati represented MaxLinear in the transaction.
According to a company press release, the acquisition significantly furthers MaxLinear's strategic goals of increasing revenue scale, diversifying revenues by end customers and addressable markets, and expanding its analog and mixed-signal footprint on existing tier-1 customer platforms.
The transaction will be conducted by means of a tender offer and is expected to close in the second quarter of 2017, subject to customary closing conditions and U.S. regulatory approvals.
The WSGR team representing MaxLinear included:
Corporate and Securities:
Robert Kornegay, Partner
Denny Kwon, Partner
Derek Liu, Associate
John Mao, Partner
Employee Benefits and Compensation:
Scott McCall, Partner
Manja Sachet, Partner
For more information, please see MaxLinear's press release.