, plotting a future in digital media, agreed to buy
in a $110 million deal.
Freescale, a wireless chip maker that was taken private last year, said Monday that it will pay $3 share for Austin, Texas-based SigmaTel. The deal represents a 67% premium over SigmaTel's closing price of $1.79 Friday.
Shares of SigmaTel surged 52% in pre-market trading Monday.
SigmaTel makes semiconductors for a variety of consumer devices, including media players and some models of
The news comes just days after Freescale's largest customer,
, announced that it was exploring the
possible sale of its mobile phone business.