While we doubted the chip-maker could afford to buy out the Canadian graphics chip firm, it turns out CEO Hector Ruiz went cap in hand to his bankers and borrowed a cool $2.5 billion.
Ruiz crowed the deal would "reinvent our industry," as he appeared in New york with ATI CEO Dave Orton.
AMD agreed to acquire all of the outstanding common shares of ATI for a combination of $4.2 billion in cash and 57 million shares of AMD common stock, based on the number of shares of ATI common stock outstanding on July 21, 2006.
The total comes to $5.4 billion.
Se viene otro monopolio.....