Alliance Semiconductor to Sell Venture Portfolio to QTV Capital

Santa Clara, Calif. -- Following the sale of its operating businesses earlier this year, Santa Clara-based Alliance Semiconductor, a former maker of chip and memory products, said on Monday that it has agreed to sell a portfolio of venture securities held by five Alliance investment partnerships to Saratoga-based QTV Capital for $123.6 million in cash. The deal is expected to close by the end of next quarter. The sale does not include Alliance's interests held by Solar Venture Partners or certain other minor investments held by the five partnerships. "This agreement represents the culmination of an extensive bidding process in which numerous parties expressed interest," said Mel Keating, the pPresident and CEO of Alliance.
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