Transmeta buyer Novafora goes under, says report

Mark LaPedus, EE Times
(08/08/2009 10:25 AM EDT)
 
SAN JOSE, Calif. -- Novafora Inc.--which gained fame by acquiring Transmeta Corp.--has gone out of business, according to Light Reading and other sites.
Novafora ran out of money, according to reports.

On Friday, the offices of San Jose-based Novafora did not answer phone calls. Last year, Novafora, a startup developer of video processors, entered into a definitive agreement to acquire Transmeta for $255.6 million in cash.