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May 02, 2006
VC backed BitBoys Acquired by ATI
Graphics chip firm BitBoys has been acquired by Canada's ATI Technologies Inc. for up to EUR 35.2 million (about US$44 million). Based in Finland, Bitboys, which recently completed a restructuring and is now focused on graphics processors for mobile devices, had raised several small rounds of venture capital over the years, most recently a €4M injection from Nokia Growth Partners in February. Other investors include Cipio Partners, along with a handful of Nordic investors.
We think it must have been a sweet deal for the latecoming investors, but we're not too sure about the early ones.
Read - ATI Acquires Bitboys
Posted on May 2, 2006 11:40 AM | Posted to Semiconductors | Venture Capital | Permalink
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