Sigma Designs agrees to purchase Trident Microsystems' (TRID) Digital Television business for...

|About: Trident Microsystems, Inc. (TRIDQ)|By:, SA News Editor

Sigma Designs agrees to purchase Trident Microsystems' (TRID) Digital Television business for $21M in cash plus assumption of specified liabilities upon the closing of the transaction. The purchase price is subject to an adjustment for the closing current asset balance of the DTV business to the extent the closing current assets differ from a target current asset balance.