Intel Acquires Wind River for $884 Million
Two founding member of the Open Handset Alliance are now going to be one in the same.Â Intel has agreed to acquire Wind River Systems Inc, and all of the outstanding Wind River common stock at $11.50 per share. The cash deal is worth approximately $884 million.
This acquisition will bring us complementary, market-leading software assets and an incredibly talented group of people to help us continue to grow our embedded systems and mobile device capabilities.Â Wind River has thousands of customers in a wide range of markets, and now both companies will be better positioned to meet growth opportunities in these areas. – Renee James, Intel VP/GM of Software and Services Group.
Wind River among the best in the game when it comes to embedded devices, and bound to play an integral part of Intel’s strategy to get into the mobile arena. The days of desktops and traditional x86 architecture are gone and Intel realizes it is up against serious threats in Qualcomm, Texas Instruments, and NVIDIA. Wind River makes the perfect company to acquire in that they would directly be supplying chips to the devices without needing to shop around for better prices.Â Freescale, ARM, and others are likely to make a big stink over the move, and for obvious reasons.Â They too use Wind River software solutions.
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