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Equity firms buy up FreescaleEquity firms buy up Freescale

James Middleton

September 18, 2006

1 Min Read
Equity firms buy up Freescale

Motorola’s semiconductor spin-off, Freescale, on Friday announced its acquisition by a private equity consortium for a total of $17.6bn (£9.4bn).

The consortium is led by The Blackstone Group, and includes The Carlyle Group, Permira Funds and Texas Pacific Group.

The board of directors of Freescale has unanimously approved the merger agreement and will recommend that Freescale’s stockholders adopt the agreement.

Motorola spun-off Freescale in July 2004.

About the Author(s)

James Middleton

James Middleton is managing editor of telecoms.com | Follow him @telecomsjames

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