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MaxLinear buys Intel’s home gateway assets

MaxLinear (NYSE:MXL) will acquire Intel’s (NASDAQ:INTC) Home Gateway Platform Division assets, which includes the Wi-Fi Access Points, Ethernet, and Home Gateway SoC products.
The all-cash transaction is valued at $150M.
MAXL expects to initially add $60-70M in quarterly revenue, and the acquisition is expected to be accretive …

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