Deal Terms Locked In
Qualcomm, which trades on the Nasdaq, agreed in June to acquire Alphawave for $2.4 billion, offering shareholders $2.48 per share in cash. The takeover hands Qualcomm a deeper foothold in high-speed connectivity and semiconductor intellectual property, as demand for data-hungry technologies accelerates.
Advisers on Both Sides
Paul Weiss Rifkind Wharton & Garrison LLP advised Qualcomm on the transaction, while Linklaters LLP represented Alphawave through the process.
With the court’s blessing secured and the market exit underway, the Qualcomm $2.4B Alphawave IP Acquisition closes a chapter in London and opens another in Silicon Valley — a reminder that in the chip race, consolidation can move as swiftly as electrons.
