Today was supposed to be the close date for the Intel – Marvell deal. It didn’t happen. We were notified yesterday at about noon that the deal would not finalize on the first, but possibly on the second. Today they told us we would have a minimum of 48 hours notice. That means it won’t be closed by the end of this week. They claim they are still negotiating certain business aspects and some third party agreements.
We have seen in the news rumors of a leveraged take over or buy-out of Marvell, by a few different companies. Texas Instruments is named as one. Whether the rumors are true or not remains to be seen. And if it happens, what it will mean for the 1400 Intel employees going to Marvell remains to be seen also. Only time will tell.