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The Deal: The Zoran Corp. has agreed to purchase Nogatech Inc. for $169.8 million in stock. The move is an effort by Zoran to broaden its offering of chips used in digital consumer electronics, Web appliances and mobile devices. Under the terms of the deal, each share of Nogatech will be converted into 0.166 Zoran share. After the news of the deal was announced, shares of Zoran fell 13 cents to $62.88, while Nogatech shares jumped up $3.44 to close at $9.94 on the Nasdaq.
