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Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position in low-power technology and connectivity across smart devices, cars and industry.
Dialog accepted the all-cash offer of about €4.9 billion, at €67.50 per share, the companies said in statements Monday.
Press release content from Business Wire. The AP news staff was not involved in its creation. Renesas and Dialog Semiconductor to Join Forces to Advance Global Leadership in Embedded Solutions February 8, 2021 GMT TOKYO & LONDON--(BUSINESS WIRE)--Feb 8, 2021-- Renesas Electronics Corporation (“Renesas”, TSE: 6723), a supplier of advanced semiconductor solutions, and Dialog Semiconductor Plc (“Dialog”, XETRA:DLG ), a provider of power management, charging, AC/DC power conversion, Wi-Fi and Bluetooth® low energy (BLE) technology, today announced they have reached an agreement on the te...
Apple Renesas, one of the world's largest auto chip makers, is buying Apple supplier Dialog for $5.9 billion. Renesas said it would issue up to $2.6 billion in new shares to help fund the deal. Dialog shares traded 16% higher in Frankfurt on Monday. Renesas fell as much as 6.9%. Japanese chipmaker Renesas Electronics Corp has agreed to buy Dialog Semiconductor, an Apple supplier, for 4.9 billion euros ($5.9 billion) in cash. Renesas, one of the world's biggest auto chip makers, has offered 67.50 euros a share for Dialog, representing a 20% premium to Friday's clo...
2 months ago Key Transaction Highlights: Acquisition of Dialog’s low-power technologies and connectivity expertise centered around its mixed-signal integrated circuits (ICs) adds complementary product lines, strengthening Renesas’ global footprint across large, high-growth markets in the IoT, industrial and automotive fields, Expected to result in incremental revenue growth of approximately 200 million USD (non-GAAP operating income, approximately 21.0 billion yen) from cross selling and access to fast-growing industries alongside continued innovation of so...