Silicon Motion is said to explore sale amid interest - Bloomberg

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• Silicon Motion Technology Corp. (NASDAQ:SIMO) is said to be considering a potential sale amid takeover interest in the semiconductor company.
• Taiwan-based Silicon Motion (SIMO) is working with advisers as it holds talks with possible bidders, according to a Bloomberg report. SIMO has a market cap of $2.7 billion.
• The Bloomberg report comes after Betaville on Friday said there's speculation that a mystery bidder is said to be circling Silicon Motion (SIMO). It's not clear who might be interested in acquiring SIMO.
• Earlier this month, Silicon Motion (SIMO )said it expected 1Q22 revenue above the consensus.

Comments

[Tambo210]

Why does SIMO need to consider a sale?
Key component in SSDs and they're one of the shortages.

[Tambo210]

Private equity buyout?
Bain? KKR?

[Texas_12]

I thought the world is going to stop buying chips beginning 2H 2022 and that's why semis are down so much...

[Tulip hoard]

Or just bullshit 🐂💩. Crappy timing , market is going much lower if this is for real buyer remorse on the horizon. Solid company, again crappy timing.😄

[Tulip hoard]

Or just bullshit 🐂💩. Crappy timing , market is going much lower if this is for real buyer remorse on the horizon. Solid company, again crappy timing.😄

[Philip Marlowe]

Good to hear. Much more official now. Bloomberg reports about takeover interest are almost always correct because they get the news directly from the investment banks doing the negotiations.

As is said in my previous post about an earlier version of this story i have no doubt there will be bidders at this ridiculously low prices. I am just worried they do not give the company away for too little.