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home / news releases / DLGNF - Renesas to buy Dialog Semiconductor for $5.9B - Reuters

DLGNF - Renesas to buy Dialog Semiconductor for $5.9B - Reuters

Dialog Semicndctr Ord
Renesas Electronics of Japan has agreed to acquire Dialog Semiconductor (DLGNF), the U.K.-based chipmaker for €4.9B ($5.9B) in cash, source Reuters.Renesas has offered €67.50/share for the Apple supplier, representing a 20% premium to Friday’s closing price of €56.12.Renesas plans to issue up to ¥270B ($2.6B) in new shares to help fund the deal.The volume of deals involving semiconductor companies more than doubled last year to $144B, according to Bloomberg. Nvidia agreed in September to buy SoftBank Group's chip division Arm Ltd. for $40B.The deal comes after Renesas and Dialog agreed in August to cooperate in automotive computing platforms.

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Renesas to buy Dialog Semiconductor for $5.9B - Reuters
Stock Information
Company Name: Dialog Semicndctr Ord
Stock Symbol: DLGNF
Market: OTC
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