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columns | July 25, 2006

Private equity firm bidding for Philips semi

According to EETimes Philips Semiconductor bidded on by several private equity firms.
According to EETimes three of the biggest private equity firms are in the final stage of bidding for the semiconductor division of Philips Electronics NV. The bids are said to value the chip unit at more than 8 billion euros ($10.2 billion). That is a bit more than analysts are valueing Philips Semiconductor to.
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