Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- MaxLinear, Inc (NASDAQ:MXL) has agreed to acquire fellow chipmaker Silicon Motion Technology Corporation (NASDAQ:SIMO) for $114.34 per ADS in cash and stock.
- The price represents a 48% premium to the undisturbed market value as of April 22, 2022, in cash and stock transaction, valuing Silicon Motion at $3.8 billion.
- Silicon Motion makes NAND flash controllers for solid-state storage devices. It also supplies data centers and specialized industrial and automotive solid-state drives. The company reported a net income of $60.6 million for the December 31 quarter, up 9.4% sequentially.
- Taiwan-based Media Tek Inc (OTC:MDTKF) was also interested in bidding for Silicon Motion, Bloomberg reports.
- Silicon Motion has been working with advisers and holding talks with potential suitors amid takeover interest.
- Price Action: SIMO shares traded higher by 19.60% at $97.15 in the premarket on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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