by CIO Staff

Eicon to Buy Intel’s Media and Signaling Biz

Aug 10, 20061 min
Mergers and Acquisitions

Eicon Networks plans to buy Intel’s media and signaling business. The sale comes as Intel moves to shed products outside its core computer processor business.

Intel’s media and signaling business, which has 600 employees, includes product from Intel’s Dialogic acquisition and its Host Media Processing software. Intel’s private branch exchange integration and gateway products are also included in the deal. Financial terms of the agreement, which is expected to close within the next six weeks, were not disclosed.

Intel acquired Dialogic in 1999 for US$780 million as part of a bid to boost its telephony and communications offerings.

The sale of Intel’s media and signaling business brings the company closer to its goal of selling off non-core businesses. In June, the company sold its communications and applications processor business, including the company’s Xscale processor line, to Marvell Technology Group for $600 million.

-Sumner Lemon, IDG News Service (Beijing Bureau)

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