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Novafora Completes Its Acquisition of Transmeta

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^{Published in Science and Technology on Wednesday, January 28th 2009 at 4:52 GMT, Last Modified on 2009-01-28 04:53:23 by Market Wire}  

SAN JOSE, Calif.--([ BUSINESS WIRE ])--Novafora, Inc., a developer of video processors, today announced that it has completed its acquisition of Transmeta Corporation (NASDAQ: TMTA) pursuant to an agreement and plan of merger announced on November 17, 2008.

Transmeta stockholders approved the merger on January 26, 2009, and the parties closed the transaction and consummated the merger on January 27, 2009.

Each share of Transmeta common stock outstanding at the time of the merger was converted into the right to receive $19.007 in cash, without interest.

Upon the consummation of the merger, Transmeta requested the delisting of its common stock from the NASDAQ Global Market, effective as of prior to the opening of the market on January 28, 2009.

About Novafora

Novafora is a video processor company enabling OEMs to deliver on the promise of the digital video revolution – the highest quality video, anywhere, on any display device and at any time. Novafora was founded in 2004 by a group of successful entrepreneurs and video experts and is backed by leading venture capital firms. More information on the company can be found on its website [ www.novafora.com ].