AMD Completes SeaMicro Acquisition

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[Techtaffy Newsdesk]

AMD has completed the acquisition of SeaMicro for approximately $334 million, net of cash assumed. SeaMicro will now become AMD’s Data Center Server Solutions business.

The purchase price consists of a cash payment of approximately $293 million as well as AMD’s assumption of options to purchase approximately 6,475,000 AMD shares and the issuance of approximately 322,000 shares of AMD restricted stock. This transaction is included in AMD’s first quarter of 2012 earnings guidance.

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AMD Acquires SeaMicro For $334M