Broadcom agreed to acquire Alphamosaic Limited, a start-up developing mobile multimedia processors for cellular phones, for approximately 4.17 million shares of its Class A common stock (with a value of approximately $120.3 million) and agreed to make cash payments aggregating approximately $2.7 million.
Alphamosaic's first-generation VC01 multimedia co-processor is currently being used by leading cellular handset makers such as Samsung. Commercially available Samsung phones now incorporate the VC01 for advanced multimedia functions including MP3 player, VOD, megapixel-class camera and digital camcorder. Alphamosaic is now sampling a second generation device that can display video on 3.5 inch color LCDs and capture 8 megapixel images, making it suitable for watching TV, making videos or taking studio-quality photos on a cellphone.
The company's core technology leverages a fully programmable, highly parallel architecture optimized for high performance applications while maintaining low power operation. The programmable nature enables the processors to handle H.264, aacPlus and other future standards. http://www.broadcom.comhttp://www.alphamosaic.com
- Alphamosaic is based in Cambridge, U.K. , and has 57 employees.
