Qualcomm will be 3.1 billion acquisition of Atheros
Qualcomm (Qualcomm) Wednesday (1 / 5) announced that it has agreed with Atheros Wi-Fi chip makers reach an agreement, will be $ 45 per share in cash, the amount of about 31 billion acquisition of Atheros.
This agreement has been boards of both companies agreed to be reviewed by relevant agencies and the Atheros shareholder approval, is expected to complete this transaction in the first quarter of this year.
Qualcomm said the acquisition will help expand its technical and Atheros platform program into new markets outside the mobile phone. In addition, this strategy is consistent with high-pass, hoping for more technology into mobile devices.
Wi-Fi Atheros is currently the second largest chip market vendors. According to IDC report, along with Wi-Fi applications gradually from the PC, wireless router extended to television, e-book reader, and other consumer electronic products, Wi-Fi chip market in 2013 to enjoy 16% annual growth rate.
As a result, even though Wall Street analysts that the price of 3.1 billion is not cheap, but because Qualcomm has been unable to progress Wi-Fi market through the acquisition of Atheros, the current number one with Broadcom further contend, be a bargain.