Texas Instruments in advanced talks to buy Silicon Laboratories for about $7 billion, source says
By Milana Vinn Feb 3 (Reuters) - Texas Instruments is in advanced talks to buy chip designer Silicon Laboratories for about $7 billion, a source familiar with the matter told Reuters on Tuesday. A deal could be announced in the coming days, the source said. Shares of Silicon Laboratories, which has a market value of about $4.71 billion, surged about 34% in extended trading after the Financial Times newspaper first reported the news. Texas Instruments shares were down 2.4%. Texas Instruments a ...