Wow, so this might be considered a very big deal. As AMD decided to basically buy ATI, the tech world was left doing a double take!

On Monday, AMD agreed to acquire graphics powerhouse ATI Technologies in a surprise $5.4 billion deal that will radically alter the landscape of the PC component industry.

If agreed to by shareholders, the deal will require AMD to pay $4.2 billion in cash plus 57 million shares of AMD common stock, which the company is valuing at $18.26 per share. ATI will become “the ATI business division” within AMD, and its chief executive and president, Dave Orton, will become an executive vice president reporting to both AMD president and chief operating officer Dirk Meyer and AMD’s chief executive, Hector Ruiz…. Source: ExtremeTech