Wednesday, 18 August 2010

ZOMG Life Technologies to Acquire Ion Torrent

6 hours ago Life Tech on their facebook page announced this. I think it's an interesting piece of news considering that Ion Torrent isn't actually selling loads of machines yet. It will be interesting to see how Ion Torrent will fit in with SOLiD and their other slew of sequencing related machines.
Life Technologies Today we announced a definitive agreement to acquire Ion Torrent. Read the details here http://bit.ly/cIzfmq
 
Life Technologies Corporation (NASDAQ: LIFE), a provider of innovative life science solutions, today announced a definitive agreement to acquire Ion Torrent for $375 million in cash and stock.
The sellers are entitled to additional consideration of $350 million in cash and stock upon the achievement of certain technical and time-based milestones through 2012. Life Technologies' Board of Directors has approved an additional share repurchase program in order to repurchase its shares associated with the stock portion of the consideration. The impact on total share count is expected to be neutral. 

UPDATE 
more buzz on the net
http://www.marketwatch.com/story/life-technologies-announces-agreement-to-acquire-ion-torrent-2010-08-17?reflink=MW_news_stmp


Ion Torrent bought by Life Technologies : Genetic Future

Pathogens blog makes an analogy of the sequencing 'zoo'

Lifetech gobbles Ion Torrent: Omics Omics 

Jermdemo thought's on the acquisition

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