On July 24, 2006, AMD and ATI announced a plan to merge together in a deal valued at US$5.4 billion. The merger closed October 25, 2006.[3] The acquisition consideration included over $2 billion financed from a loan, as well as 56 million shares of AMD stock.[4] ATI retained its name, logos, and trademarks. The former CEO of ATI Dave Orton was appointed be the Executive Vice President (VP) of Visual and Media Businesses [5].
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