Mindspeed Buys ?Small Cells? Maker Picochip For Up To $76.8 Million

Mindspeed Technologies, a provider of semiconductor solutions for network infrastructure applications, this morning announced that it has acquired UK-based Picochip, a supplier of integrated system-on-chip (SoC) solutions for small cell base stations. Mindspeed is paying $51.8 million for Picochip, a mix of cash and stock, and up to $25 million in earn-out payments in the first calendar quarter of 2013.

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