Qualcomm Agrees to Buy UK-Listed Alphawave for $2.4 Billion
Qualcomm Inc. has agreed to buy London-listed semiconductor company Alphawave IP Group Plc for about $2.4 billion in cash to expand its technology for artificial intelligence.
The offer equates to about 183 pence per share for Alphawave, Qualcomm said in a statement on Monday. Alphawave shareholders can also opt to exchange their stock for 0.01662 shares of Qualcomm. The Alphawave board has unanimously recommended the deal.
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