Latest news with #YaminiKalia
The Star
3 days ago
- Business
- The Star
Qualcomm strengthens AI portfolio with $2.4 billion Alphawave deal
A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration (Reuters) -U.S. chipmaker Qualcomm on Monday agreed to acquire British semiconductor company Alphawave for about $2.4 billion as part of efforts to strengthen its artificial intelligence technology. Alphawave shareholders will receive 183 pence per share, a nearly 96% premium to the price immediately before Qualcomm disclosed its interest in the company. The shares jumped 22% in early London trade to just below the offer price. U.S.-based firms have been snapping up British assets, taking advantage of a market that is plagued by comparatively weaker valuations and stunted growth. Alphawave, which designs and licenses semiconductor technology for data centers, networking and storage, had garnered takeover interest from Qualcomm and SoftBank-owned chip tech provider Arm in early April for its 'serdes' technology. The technology underpins the speed at which data is processed by chips - crucial for AI development - and serves as the foundation for Broadcom's and Marvell Technology's multibillion-dollar bespoke chip businesses. Arm walked away after initial discussions with Alphawave, Reuters exclusively reported in April citing sources. Qualcomm also tabled two alternative all-share offers to Alphawave's shareholders, after receiving multiple extensions from the UK's takeover panel to table a firm offer. The British company said it considers the terms of the cash offer to be fair and reasonable and intends to unanimously recommend it to its shareholders. Alphawave also completed the disposal of its stake in WiseWave, its joint venture with Chinese investment firm Wise Road Capital, to existing state shareholders on Monday. (Reporting by Yamini Kalia in Bengaluru; Editing by Nivedita Bhattacharjee, Kirsten Donovan)
Zawya
3 days ago
- Business
- Zawya
Qualcomm to acquire UK's Alphawave for $2.4bln
U.S. chipmaker Qualcomm on Monday agreed to acquire British semiconductor company Alphawave 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. (Reporting by Yamini Kalia in Bengaluru; Editing by Nivedita Bhattacharjee)
Zawya
09-05-2025
- Business
- Zawya
LondonMetric to buy UK's Urban Logistics REIT in a $925mln deal
British landlord LondonMetric on Friday agreed to buy property investment firm Urban Logistics REIT in a deal, valuing the company at 698.9 million pounds ($924.99 million). ($1 = 0.7556 pounds) (Reporting by Yamini Kalia in Bengaluru; Editing by Nivedita Bhattacharjee)
Reuters
08-05-2025
- Business
- Reuters
UK's Airtel Africa to list Airtel Money in first half of 2026
A woman speaks on her cellphone as she walks past a mobile phone service centre operated by Kenyan's telecom operator Airtel Kenya in downtown Nairobi, Kenya July 15, 2021. REUTERS/Thomas Mukoya/File Photo Purchase Licensing Rights , opens new tab May 8 (Reuters) - Britain's Airtel Africa (AAF.L) , opens new tab on Thursday said it expects to list Airtel Money, its mobile money services unit, in the first half of the calendar year 2026. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Reporting by Yamini Kalia in Bengaluru Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
The Star
29-04-2025
- Business
- The Star
UK takeover panel gives Qualcomm more time to make bid for Alphawave
FILE PHOTO: A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 12. Alphawave said it is in discussions with Qualcomm and, accordingly, agreed to extend the previous deadline of April 29 for the U.S. chipmaker to make a formal bid, as required by UK regulations. The British company has been garnering takeover interest from the likes of Qualcomm and Arm for a crucial technology, known as "serdes", used for building AI processors. Earlier this month, Alphawave had abstained from providing a financial forecast due to uncertainty stemming from the "rapidly developing nature" of U.S. tariffs. (Reporting by Yamini Kalia in Bengaluru; Editing by Savio D'Souza)
