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ON Semiconductor Buying Quantenna for $1B

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Mr. Easy
Staff member
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]

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