Apple has finalized a business agreement with Dialog Semiconductor to license its iPhone power management technology and transfer technical assets, in a deal worth $600 million.
As part of the agreement, Apple will acquire some of the Anglo-German chipmaker’s assets and 300 of its R&D staff, which is around 16 percent of Dialog’s workforce. Dialog’s shares rose as much as 34 percent on the news, their highest since 2002.
Announcing the deal on Thursday, Dialog said Apple would pay it $300 million in cash for the transaction and prepay a further $300 million for products to be delivered to Apple over the next three years. [...]
Broadcom is reportedly moving forward with its attempt to purchase chipmaker Qualcomm, by increasing its bid for the company to about $121 billion and $82 per share, described as a „final offer.“ The new offer comes three months after Broadcom’s first bid for Qualcomm, originally valued at about $105 billion ($70 per share), plus $25 billion of net debt (via Bloomberg).
If the acquisition goes through it would still be considered the „largest-ever technology deal,“ although Qualcomm’s board previously rejected the first offer and is said to have „dug in“ against threats of potential hostile takeovers. With [...]