Qualcomm Close To Acquiring Atheros For $3.5 Billion

Posted Jan 4, 2011

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]