ATSC 3.0 Chipmaker Saankhya Labs Being Sold to Tejas Networks

Sinclair’s One Media 3.0 will sell its majority stake in Saankhya Labs and keep a minority interest in Tejas Networks after Tejas announced a definitive agreement to buy 64.4% of Saankhya and said it plans to acquire the remaining shares in the chipmaker in a “secondary acquisition.” One Media teamed with Saankhya five years ago to “fast-track” development of ATSC 3.0 receiver chipsets for mobile phones, promising to make the handsets commercial-ready in less than a year (see 1703280044). The broad commercial aims haven't yet materialized. One Media President Mark Aitken praised the “close relationship with Saankhya” Thursday as having been “critical to moving our company forward” in NextGenTV.