InvenSense buying Analog Devices' microphone unit

|About: InvenSense (INVN)|By:, SA News Editor

InvenSense (INVN) is acquiring Analog Devices' (ADI) analog/digital microphone ops for $100M in cash +  potential revenue milestone payments (payable over 12 months). The business is expected to account for less than 1% of ADI's FQ4 (ends Nov. 2) revenue. (PR)

There should be R&D synergies between the ADI unit and InvenSense's motion sensor ops, given both rely on MEMS technology. In addition, InvenSense will be able to cross-sell ADI's microphones to mobile/consumer electronics OEMs using its motion sensors, and vice versa.