Texas Instruments Selling Division for $3B (AP)
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Texas Instruments said it has agreed to sell its sensors-and-controls business to Bain Capital LLC, a private buyout fund, for three billion dollars in cash(Texas Instruments)
AP - By selling its sensors and controls division for $3 billion to a private equity firm, Texas Instruments is giving up short-term profit for what it says will be faster growth from investing in its core business of making chips for wireless phones and electronic devices. |
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