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Evening Standard

Technology

Holly Williams

Alphawave agrees £1.8bn takeover by America’s Qualcomm

Alphawave Qualcomm London United States Toronto

Chip designer Alphawave has agreed to a 2.4 billion dollar (£1.8 billion) takeover by US semiconductor group Qualcomm (PA) -

Chip designer Alphawave has agreed to a 2.4 billion dollar (£1.8 billion) takeover by US semiconductor group Qualcomm in the latest blow to the London market.

Qualcomm is offering to pay 183p per share in cash for London-listed Alphawave, which is a near-96% premium to its closing price before the takeover interest was revealed.

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