NVIDIA to buy a piece of VIA?

Posted on Friday, March 27 2009 @ 14:09 CET by Thomas De Maesschalck

Asian sources report VIA is planning to issue 300 million new shares at a price ranging from NT$9-12 (US$0.27-0.35) per share through private placement. It's believed that GPU maker NVIDIA will be one of the parties to take up a portion of the new shares.

VIA Technologies plans to sell 300 million new shares at a price ranging from NT$9-12 (US$0.27-0.35) per share through private placement, the company has announced. Nvidia is reportedly in talks with VIA to take up a portion of the new shares, according to market sources.

VIA commented that possible candidates for the private placement will be made clear after a shareholder meeting scheduled on June 19. Nvidia declined to comment market speculation.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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