Freescale Semiconductor In talks of Largest ever Tech Buyout

From Cnn Money:

Freescale Semiconductor is close to a deal to be taken private in a $16 billion leveraged buyout, which would be the largest ever in the nation's technology sector, according to a published report.

The New York Times reported that Freescale Semiconductor (Charts), a former unit of Motorola, was in talks late Sunday to be acquired by a consortium of investment firms. Those firms include Texas Pacific Group, Blackstone Group and Permira, according to the report. It is possible that the Carlyle Group and Bain Capital could also join the group, the paper said.