Qualcomm to acquire UK’s Alphawave for $2.4 billion

FILE PHOTO: U.S. chipmaker Qualcomm on Monday agreed to acquire British semiconductor company Alphawave for about $2.4 billion.
| Photo Credit: Reuters

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.