Semiconductor firm SandForce is acquired by one of its investors, the LSI Corporation, for $322m.
Electronics company LSI Corporation signed an agreement on Wednesday to acquire US-based fabless semiconductor manufacturer SandForce for $322m. In addition, LSI will assume $48m in unvested stock options and unrestricted shares held by SandForce employees.
LSI was previously one of nine investors in SandForce’s November 2009 series C round, which raised $21m, and was among six backers to contribute to the firm’s $25m series D round in September 2010.
LSI’s WarpDrive products also currently use SandForce’s flash storage processors…
