Alphawave agrees to £1.8bn takeover by US giant Qualcomm

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  Posted by Two Blokes Jun 9 - Filed in Stock - 7 views
  
  Alphawave IP Group PLC (LSE:AWE), one of London's few listed microchip companies, has agreed to a US$2.4 billion (£1.8bn) recommended acquisition by US giant Qualcomm Inc (NASDAQ:QCOM, ETR:QCI). In a separate statement, Alphawave confirmed it had completed the sale of its entire interest in WiseWave, a joint venture with a group of Chinese investors, at the end of last week.