MACOM Transfers Minority Equity Stake in Ampere for $127.7 Million

MACOM Transfers Minority Equity Stake in Ampere for $127.7 Million
Stock price movements are seen on a screen at a securities company on Feb. 9, 2018. Nicolas Asouri/AFP via Getty Images
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MACOM Technology Solutions Holdings Inc completed the sale of its equity interest in Ampere Computing Holdings LLC to Denver Acquisition Corp for a predetermined cash consideration amount of ~$127.7 million.

Ampere was established in 2017 when MACOM divested its ARM-based compute processor business of Applied Micro Circuits Corporation. In consideration for the divestiture, MACOM had received a minority equity interest in Ampere.