Chip designer Alphawave sees stock soar on Qualcomm takeover agreement
Forrás:
Euronews.com
1 hónapja
Alphawave's shares surged 23% after announcing a $2.4bn acquisition by Qualcomm. The offer values shares at 183p, a 96% premium from March 31. Despite this, the valuation is half of its IPO worth in 2021. The deal is expected to close in early 2026, pending approvals. CEOs from both companies expressed optimism about the merger's potential to enhance technology and customer reach. However, the acquisition raises concerns about the UK listing attractiveness. Teljes cikk (Euronews.com)