AMD agrees to acquire World Labs for $8.2 billion in stock

Advanced Micro Devices Inc. (AMD) said Monday it entered into an agreement to acquire World Labs Technologies Inc. for a total purchase price of approximately $8.2 billion.

The chipmaker said the acquisition will be paid in shares of common stock to the stockholders of World Labs, subject to customary adjustments, according to a regulatory filing.

The number of shares to be issued for the transaction is not known at this time.

The share count will be calculated based on the daily volume-weighted average price of a share of common stock on the Nasdaq Global Select Market over the 10 consecutive trading-day period ending on and including the second trading day immediately preceding the closing date of the acquisition, the company said.

AMD said it intends to issue the shares in reliance upon the exemptions from registration afforded by Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D.

The issuance is not being conducted in connection with a public offering, and no public solicitation or advertisement will be made or relied upon in connection with the issuance of the shares, according to the filing.