
Advent Is Said to Weigh Takeover Bid for Swiss Chipmaker U-blox
An announcement could be made as soon as in the next few days, the people said, declining to be identified because the information is private. Shares of U-blox have risen about 56% this year, giving the company a market value of nearly $1.1 billion.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Private equity group Advent to acquire U-Blox for $1.3 billion
(Reuters) -Private equity group Advent International said on Sunday it has agreed to take over Switzerland's U-Blox Holding in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion). Advent said its public tender offer for U-Blox's shares would be carried out by its indirect subsidiary ZI Zenith. The 135 Swiss francs per share offer represents a 53% premium to the undisturbed volume-weighted average share price of the last six months, Advent said in a statement with U-Blox. The tender offer is subject to terms and conditions, and regulatory approvals customary for such transactions, and is expected to be settled within the next six months, it added. U-Blox, a maker of microchips and software for car navigation, said on Friday it was in talks with Advent. The Swiss technology group, which went public in 2007, said last week it cut its first-half loss before interest and tax to 7.7 million francs from a loss of 28 million a year earlier. Earlier this year, the firm sold a unit making cellular modules for wireless communication to focus on navigation and positioning technology used in cars, robots and farm equipment. ($1 = 0.8063 Swiss francs) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


CNBC
3 hours ago
- CNBC
Private-equity group Advent to acquire Swedish chipmaker U-Blox for $1.3 billion
Private-equity group Advent International said on Sunday it has agreed to take over Switzerland's U-Blox in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion). Advent said its public tender offer for U-Blox's shares would be carried out by its indirect subsidiary ZI Zenith. The 135 Swiss francs per share offer represents a 53% premium to the undisturbed volume-weighted average share price of the last six months, Advent said in a statement with U-Blox. The tender offer is subject to terms and conditions, and regulatory approvals customary for such transactions, and is expected to be settled within the next six months, it added. U-Blox, a maker of microchips and software for car navigation, said on Friday it was in talks with Advent. The Swiss technology group, which went public in 2007, said last week it cut its first-half loss before interest and tax to 7.7 million francs from a loss of 28 million a year earlier. Earlier this year, the firm sold a unit making cellular modules for wireless communication to focus on navigation and positioning technology used in cars, robots and farm equipment.
Yahoo
4 hours ago
- Yahoo
Liverpool to submit new offer for star 'very keen' to join
Time is running out in the transfer window and Liverpool are still in the race to complete multiple deals. It's been a long summer, and the next two weeks are going to be even crazier than anything that has happened in the lead up to this. 🚨2025/26 LFC x adidas range🚨 LFC x adidas Shop the away range TODAY LFC x adidas Shop the home range today! LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! Liverpool are far from being done in the transfer market. Richard Hughes wanted to rebuild Arne Slot's side this summer and the final pieces in the jigsaw are still yet to be secured. The first of those jigsaw pieces is Alexander Isak. He's been Liverpool's dream target for a long time and next week we should find a resolution to the saga that has been going on for the longest time. Liverpool may add another winger to the equation as well. Although it remains to be seen whether with such little time left they can find the right target. But the other key piece of the puzzle is Marc Guehi. 🔴 Like Isak, the Crystal Palace captain has long been on Liverpool's radar. In fact, the Reds have wanted to sign him since the beginning of the summer. Guehi has one year left on his contract and it's clear that he doesn't want to extend. He wants to leave the club. Whether it's in the next two weeks or next summer, the end result will be the same. So, it's in Palace's interest to make sure that he goes this summer. At least this way they won't lose him for nothing but they can actually get compensated for making Guehi into the player he is today. Liverpool have been working on a deal to do exactly that. They haven't yet succeeded but it looks like they are going to make another push for the Crystal Palace star.