Entropic Communications Files Intent to Purchase Trident Microsystems' Set-Top Box Business Unit for $55M

Entropic Communications, Inc. ENTR today announced it has filed an asset purchase agreement as "stalking horse" bidder to purchase certain assets of Trident Microsystems' TRID set-top box system on a chip (SoC) business in connection with Trident's Chapter 11 bankruptcy filing on January 4, 2012. The planned USD$55 million acquisition would bring together two highly complementary technologies, product lines, and teams.