QUALCOMM, Inc. (NASDAQ:QCOM) is nearing a deal to buy out Atheros Communications, Inc. (NASDAQ:ATHR) for $3.5 billion ($45 per share). A deal is expected to be announced tomorrow. The talks are currently in final stages, but nothing is confirmed yet. This deal would be about a 22% premium to what Atheros was trading at mid-day today. This would be Qualcomm’s largest acquisition ever. [NYT]
Atheros Communications Posts
Atheros Communications is a semiconductor company that designs systems solutions and networking products. Now they have made their company bigger by acquiring Intellon for $244 million. Intellon designs home networking technologies. The acquisition will take place in the form of cash and stock.
Craig Barratt said that the acquisition of Intellon will “enable dynamic meshing of wireless and wired bandwidth, providing robust transmission of data, voice, and multi-media content on the growing number of networked devices in the home.” The acquisition is expected to close in the fourth quarter of this year as long as Intellon shareholders agree to the transaction.