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Intel Buys Infineon's Wireless Solutions Business

Intel confirmed Monday morning that it is purchasing Infineon's Wireless Solution Business (WLS), in a cash deal worth approximately $1.4 billion. According to Intel, WLS will operate as a standalone business, with the deal closing sometime in the first quarter of 2011. Intel said the buy will expand its current Wi-Fi and 4G WiMAX offerings. Rumors of the acquisition have been widely reported over the last month or so.


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