Novafora Completes Its Acquisition of Transmeta

Novafora, Inc., a developer of video processors, today announced that it has completed its acquisition of Transmeta Corporation (NASDAQ: TMTA) pursuant to an agreement and plan of merger announced on November 17, 2008.

Transmeta stockholders approved the merger on January 26, 2009, and the parties closed the transaction and consummated the merger on January 27, 2009.

Each share of Transmeta common stock outstanding at the time of the merger was converted into the right to receive $19.007 in cash, without interest.

Upon the consummation of the merger, Transmeta requested the delisting of its common stock from the NASDAQ Global Market, effective as of prior to the opening of the market on January 28, 2009.

About Novafora

Novafora is a video processor company enabling OEMs to deliver on the promise of the digital video revolution – the highest quality video, anywhere, on any display device and at any time. Novafora was founded in 2004 by a group of successful entrepreneurs and video experts and is backed by leading venture capital firms. More information on the company can be found on its website www.novafora.com.

Contacts

Media & Business Contacts
Media Contact:
Mobility Public Relations
John Giddings, 650-245-2782
jgiddings {at} mobilitypr(.)com
or
Business Contact:
Novafora
Vice President of Marketing
Dushyant Desai, 408-582-5300
dushyant.desai {at} novafora(.)com