Mitac International to acquire Tyan

Darren Murph
D. Murph|03.24.07

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Mitac International to acquire Tyan

Before long, Mitac International just might own every other Taiwanese company currently out there, as the corporation is swallowing up yet another subsidiary by reportedly acquiring Tyan. The merger is slated to hit completion by the third quarter of this year, but the two firms aren't entirely strangers as it stands. Currently, the Mitac Group holds a 35-percent stake in Tyan, but the deal should allow for Tyan's products to be "more competitive in the market." Stockholders were apparently pleased with the announcement, as shares for both firms raised during public trading hours, and you can probably assume the newfound company's new supercomputer will be even more sensational (and hopefully cheaper) than the existing iteration.

[Via Inquirer]
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