V-Silicon International, Inc. and V-Silicon, Inc. entered into an agreement to acquire substantially all assets and liabilities of smart TV and set top box business from Sigma Designs, Inc. (NasdaqGS:SIGM), Sigma Designs Technology Singapore Pte. Ltd., Sigma Designs Technology Netherlands B.V. and Sigma International Limited for $5 million on March 21, 2018. Consideration will be paid in cash and is subject to an adjustment based on the actual net working capital of the business at the closing relative to a target working capital of $2.5 million. The transaction is subject to customary closing conditions, including representations and warranties of the V-Silicon and Sigma Designs. The transaction is expected to close in in the first quarter of fiscal 2019, ending April 28, 2018. Jeffrey S. Harrell of Harrell Levine P.C. acted as legal advisor for V-Silicon. James J. Masetti of Pillsbury Winthrop Shaw Pittman LLP acted as legal advisor for Sigma Designs. V-Silicon International, Inc. and V-Silicon, Inc. completed the acquisition of substantially all assets and liabilities of smart TV and set top box business from Sigma Designs, Inc. (NasdaqGS:SIGM), Sigma Designs Technology Singapore Pte. Ltd., Sigma Designs Technology Netherlands B.V. and Sigma International Limited for $5.3 million on March 30 2018.