What's new

ON Semiconductor Buying Quantenna for $1B

  • SNBForums Code of Conduct

    SNBForums is a community for everyone, no matter what their level of experience.

    Please be tolerant and patient of others, especially newcomers. We are all here to share and learn!

    The rules are simple: Be patient, be nice, be helpful or be gone!

thiggins

Mr. Easy
Staff member
on_quantenna_logos.png
ON announced the acquisition Wednesday afternoon, saying it was buying Quantenna for $24.50 a share.

The acquisition will bolster ON Semiconductor’s connectivity portfolio.

As of the end of last year, Quantenna had 415 employees, up from 380 a year earlier. It turned a profit of about $3 million in 2018 on $220.5 million in revenue.
[Full story on Phoenix Business Journal]
[Quantenna press release]
 

Latest threads

Sign Up For SNBForums Daily Digest

Get an update of what's new every day delivered to your mailbox. Sign up here!
Top