- Sigma Designs (OTC:SIGM) will sell its Wired Connectivity Business Unit to Integrated Silicon Solution for $28M in cash.
- Deal expected to close in Q1 of Sigma’s FY19. The quarter ends on April 28.
- Silicon Labs was set to acquire Sigma but the deal fell through. Sigma sold its Sigma Z-Wave business to Silicon Labs and has now offloaded another unit.
- Sigma Designs shares are up 8.6%.
- Previously: Sigma Designs -8.6% on unit sale after acquisition falls through (Jan. 23)
- Previously: Founding CEO departs Sigma Designs (Jan. 29)