Arcticstoat writes "After giving up on the CPU manufacturing work in 2005, low-power CPU maker Transmeta has announced that it's up for sale. In a statement, the processor company that brought us the mobile Crusoe and Efficeon series of CPUs said that it has 'initiated a process to seek a prepatent sale of the Company.' The announcement came unmixed after Transmeta reached a legal agreement with Intel over Transmeta's intellectual real estate and patents, which includes Intel making a one-off payment of $91.5 million US to Transmeta before the end of this month, as well as annual payments of $20 million US every year from 2009 through 2013."

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Mark