Qualcomm to acquire UK's Alphawave for $2.4 billion
June 9 (Reuters) - U.S. chipmaker Qualcomm (QCOM.O), opens new tab on Monday agreed to acquire British semiconductor company Alphawave (AWE.L), opens new tab for about $2.4 billion.
Alphawave shareholders will receive 183 pence per share under the deal, a nearly 96% premium to its closing price before Qualcomm disclosed its interest in the company.
Qualcomm has also tabled an alternative share offers for Alphawave's shareholders.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
20 minutes ago
- BBC News
Wirtz to join £100m club?
Florian Wirtz will become the 10th player to go for a fee of £100m or more if his move to Liverpool completes as British record for an initial fee remains Chelsea's £107m recruit of Benfica midfielder Enzo Fernandez in later, the Blues signed Brighton midfielder Moises Caicedo for an initial £100m fee - that could rise to a British club record of £ fee would be only about half that of the world record, which remains the £200m Paris St-Germain paid for Brazil superstar Neymar in 2017.
BBC News
20 minutes ago
- BBC News
Sporting president offers latest on Gyokeres - will not accept £59m
Sporting Lisbon president Frederico Varandas says his club will not accept "blackmail and insults" in the bidding process for Viktor 27, has been heavily linked with a move to the Premier League, in particular Manchester United and the club president says Sporting won't hold out for the release clause set at £84m, he also said that they won't accept an insulting to Portuguese media, Varandas said: "I tried to take three days off, I came back yesterday. I saw so much information and counter-information that it is only fair to come and explain the process. "It started last year, when the season ended and Sporting became national champions. During the transfer market we saw that he was going to stay because there was no offer. "The agent spoke to us to add some clauses. Hugo Viana, as he always did, and very well, managed the relationship with the agents. This relational space is established with the sports director."One of the agent's biggest concerns was whether we would demand the termination clause. Hugo Viana negotiated with the agents over several meetings until the agent demanded the presence of the president. "At this meeting, which included the president, the agent and Viana, Gyokeres was not present. He wanted to guarantee certain things. And what was agreed? That Sporting would not demand a release clause now. For one reason: he was going to be 27 years old and no player leaves Portugal at 27 for 100 or 90 million euros. "In that same meeting, the agent wanted to anchor the exit to a value. I said this sentence: 'It's not worth us setting a value because I don't know what will happen in a year's time. I don't know if it will be 40, 60 or 80. What I can guarantee is that I will not demand 100 million euros. From then on, I never spoke to the agent again, I never spoke to the player about departures or values."Now I see the agent in the press releasing information. I want to make one thing clear: Sporting has common sense and keeps its word. Gyokeres scored 63 goals and 10 assists. Fantastic performance. Certainly one of the best players to have ever stepped onto Portuguese turf. And Sporting will not demand the clause. "Now blackmail and insults, Sporting will not accept. One thing is certain: Sporting will not accept 60 million plus 10. As of today, Sporting has not received any proposal for Gyokeres."
BBC News
20 minutes ago
- BBC News
Temporary congestion charge receives backlash from MP and residents
An MP has called a county council's plans for a congestion charge in a city "a knee-jerk solution imposed from outside".This how Labour's Oxford East MP Anneliese Dodds described Oxfordshire County Council's consideration of a £5 temporary congestion charge for drivers to access the city centre on six routes.A petition opposing the scheme has also been launched and has gained more than 4,000 signatures since its launch on Gant, cabinet member for transport management, said should the council would be "particularly keen" to hear from residents if it decided to continue to consultation. The county council said action was needed because of delays to a planned trial of traffic filters, which cannot be introduced until Botley Road is reopened after overrunning works at Oxford Station and the railway bridge complete, which Network Rail announced for August next county council's cabinet will discuss the proposals on 17 approved, a six-week public consultation would begin on 23 June and the congestion charge scheme could be in place by the a statement, Ms Dodds said the scheme "certainly wasn't talked about during the local elections".She added that residents "want local transport solutions to be driven by local people as part of a plan that we can all take part in"."They don't want knee jerk solutions imposed from outside by Oxfordshire County Council."Lib Dem Layla Moran, MP for Oxford West and Abingdon, welcomed the proposals "which would give local residents the opportunity to have their say". Businesses across the city are calling for the county council to rethink the Mogford, chair of Oxford Business Action Group who owns a number of hotels and restaurants in the city said the plans were "ridiculous".The petition was set up by independent councillor Saj Malik, who represents Cowley, and Richard Parnham of campaign group Reconnecting calls the congestion charge "completely unfair" and would badly affect residents and businesses who are "already struggling" because of Low Traffic Neighbourhoods (LTNs) in East Oxford and Cowley and the closure of Botley Malik said "This drives a coach and horses through what Oxford's businesses expected would happen in the next few months."They were expecting more than a year to prepare for traffic filters."Now they'll have to try to prepare for a congestion charge within a few Gant said: "The temporary charge locations would be exactly the same as the trial traffic filter locations which were designed to address overall through traffic.""Should we decide to continue to consultation, we would be particularly keen to understand the impact the scheme may have on residents and businesses."The benefits of this proposed scheme would be felt across the city: better bus services, safer walking and cycling, easier journeys for permit holders including carers, blue badge holders and traders, and cleaner air. You can follow BBC Oxfordshire on Facebook, X (Twitter), or Instagram.
