San Diego-based Qualcomm said this morning that it is in a definitive agreement to buy Atheros Communications, in a deal worth $3.1 billion. Qualcomm said it would pay $45 per share in cash for Atheros, in an effort to accelerate the expansion of its technologies and platforms beyond the cellular market. Atheros is a developer of products for the wireless and wired local area network communications market. Qualcomm said the Atheros provides it access to "significant new growth opportunities."
Top NewsWednesday, January 5, 2011
Qualcomm Acquires Atheros For $3.1 Billion