On August 26, 2021, Analog Devices, Inc. (Analog), announced it had acquired all of the outstanding stock of Maxim Integrated Products, Inc. (Maxim), in exchange for $29.9 billion primarily in stock to the stockholders of Maxim. Referring to Analog’s 2021 financial statements and any media coverage, answer the following questions regarding the Maxim acquisition:

1. Why did Analog acquire Maxim?

2. What was the composition of the consideration transferred in the combination?

3. Analog included precombination service compensation (for acquisition-related equity awards) in the total consideration transferred. What support is provided for this treatment in the Accounting Standards Codification (see ASC 805-30-30, paragraphs 9-13)?

4. What allocations did Analog make to the assets acquired and liabilities assumed in the acquisition? Provide a calculation showing how Analog determined the amount allocated to goodwill.

5. How will Analog account for the intangible assets acquired in the Maxim combination?