The New York Times
DealBook is reporting that Qualcomm
QCOM is near a deal to by Atheros Communications, Inc.
ATHR.
Qualcomm would pay about $45 per share for the company, or $3.5 billion in cash.
A deal could be announced as soon as tomorrow.
Qualcomm has been looking to get into the tablet and small notebook computer market, and buying Atheros would allow Qualcomm to do this.
Atheros is based in Santa Clara, Calif.
Shares were halted because of the sharp increase in the share price, but now the shares are trading again.
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ATHRAether Holdings Inc
$15.902.85%
Edge Rankings
Momentum
Not Available
Growth
Not Available
Quality
Not Available
Value
4.04
Price Trend
Short
Medium
Long
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