Tuesday, July 3, 2007

Entropic Completes RF Magic Acquisition

San Diego-based Entropic Communications announced Monday that it has completed its acquisition of San Diego-based RF Magic. Financial terms of the deal were not disclosed. The acquisition was originally announced in April. Entropic said that the merger of the two companies will allow it to provide a more comprehensive product portfolio, broader technical capabilities, and scale. RF Magic has received venture funding from Anthem Ventures, Comcast Interactive Capital, Conexant, EchoStar, Finaventures, Hamilton Technology Ventures, Revolution Ventures, STMicroelectronics, and Waypoint Ventures.

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