Intel paying $110m for Havok, says report - MCV

Intel paying $110m for Havok, says report

Price of middleware acquisition given by investor; deal closes in five days
Author:
Publish date:

Intel is paying $110m to buy middleware firm Havok, according to one of the investment companies that sold its interests in the Irish firm as part of the deal announced last week.

According to The Register, TVC Holdings - investment capital firm Trinity Venture Capital - sold all of its interests in the company to Intel, with the deal set to be finalised in five days.

Havok was originally spun out of Trinity College, Dublin, when it was founded in 1998.

TVC will reportedly make a return on investment on of $21m plus $4m paid over the next 12 to 18 months, says a report on Siliconrepublic.com.

Related

Havok looking to acquire

The CEO of Havok has said the company is considering adding other complementary tech firms to its stable as the physics and animation firm looks to grow.