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Featured ON Semiconductor Buying Quantenna for $1B

Discussion in 'General Wireless Discussion' started by thiggins, Mar 28, 2019.

  1. thiggins

    thiggins Mr. Easy Staff Member

    Joined:
    May 18, 2008
    Messages:
    13,945
    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]
     
    RTN, L&LD and sfx2000 like this.
  2. sfx2000

    sfx2000 Part of the Furniture

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    Aug 11, 2011
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    Location:
    San Diego, CA
    L&LD likes this.
  3. Cris

    Cris New Around Here

    Joined:
    Sep 1, 2015
    Messages:
    2
    where's Quantenna's future? I can't see it.