News

SAN JOSE – Tessera Technologies announced it has signed a definitive agreement to acquire Eyesquad for $18 million in cash. Eyesquad develops and designs digital auto-focus and optical zoom products for camera phones and other products that integrate cameras. Under the terms of the agreement, Tessera will pay about $18 million in cash for all outstanding Eyesquad equity. The transaction is expected to close in the first quarter of 2007.