Astera Labs buys assets of a private data center acceleration company for $74.0 million

Astera Labs acquired certain assets of a privately held company that develops data center acceleration solutions, for a total consideration of $74.0 million, mostly paid in cash. The purchase price was allocated on a preliminary basis, with $68.4 million recorded as goodwill. Identifiable intangible assets and net identifiable assets were immaterial, and the goodwill is not deductible for US federal income tax purposes.

• Total consideration $74.0 million
• $65.0 million cash, $5.0 million held back for indemnities, $4.0 million in stock
• Preliminary goodwill of $68.4 million
• Goodwill not deductible for US federal income tax