M&A · Tech · Semiconductors & Related Devices
Texas Instruments Inc to acquire Silicon Laboratories Inc.
Announced Feb 4, 2026 · Pending Mar 13, 2026
Deal value$7.50BEV $7.50B
Premium61.0%To unaffected price
EV / Adj. EBITDA—10.1x EV / Revenue
ConsiderationAll cash$231.00 per share
Transaction
- Acquirer
- Texas Instruments Inc (TXN)
- Target
- Silicon Laboratories Inc. (SLAB)
- Buyer type
- Strategic
- Offer price per share
- $231.00
- Enterprise value
- $7.50B
- Status
- Pending Mar 13, 2026
Deal protections
- Break fee (target pays)
- $259M · 3.5%
- Reverse fee (buyer pays)
- $499M · 6.7%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Goldman Sachs
- To the target
- Qatalyst
Sector context · Tech
- Comparable deals
- 68 in the prior 24 months
- Premium
- 61.0% vs. 37.2% sector median
- EV / Adj. EBITDA
- Sector median 16.5x
- Break fee
- 3.5% vs. 3.0% sector median
Timeline
- AnnouncedFeb 4, 2026
- Proxy filedMar 13, 2026
- Definitive proxyMar 27, 2026
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Discounted cash flow$180.76$320.95
Trading comparables$132.57$225.37
Trading comparables$100.04$170.07
Discounted cash flow$103.56$207.30
Precedent transactions$50.22$75.33
Offer $231.00
Implied value per Silicon Laboratories Inc. share by analysis, from Qatalyst.