(September 18, 2006) AUSTIN, TX — Freescale Semiconductor, Inc., has entered into a definitive merger agreement with a private equity consortium. The group plans to acquire Freescale at a total equity value of $17.6B. The merger is led by Blackstone Group, an investment firm founded in 1985; Carlyle Group, which focuses on telecommunications and media, aerospace and defense, industrial, and technology investments; Permira, an independent business based in Frankfurt, London, Madrid, Milan, New York, Paris, Stockholm, and Tokyo; and Texas Pacific Group, who invests in Lenovo, ON Semiconductor, and other technology franchises.
