Vitesse to acquire Multilink

June 23, 2003 – Vitesse Semiconductor has agreed to acquire Multilink Technology, Somerset, NJ, a backplane networking devices manufacturer, in a stock deal valued at approximately $22.9 million.

Vitesse will acquire all of the outstanding equity interests of Multilink, which will axe about two-thirds of its workforce, for about 4.2 million shares of Vitesse common stock.

Vitesse plans to bend Multilink’s IP into backplane ICs, in order to offer 6Gbit/sec to 10Gbit/sec speeds across the backplane.


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