Monday, June 02, 2014

Novafora Shuts Down, Selling Transmeta IP

Earlier this year, video processor startup Novafora Inc. boldly acquired publicly-listed Transmeta Corp. for $255 million. A few months later, company CEO Naki Rakib and VC backer Robert Genisier (Vertex Capital) rang the opening bell on the New York Stock Exchange. Yesterday, the San Jose, Calif.-based company shut its doors.

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