ON Semiconductor To Acquire Quantenna Communications

ON Semiconductor To Acquire Quantenna Communications: In a bid to enables entry into automotive and industrial low-power connectivity market with combined strengths of the two companies,with the combination of ON Semiconductor’s expertise in power management & Bluetooth technologies with Quantenna’s Wi-Fi & software capabilities. ON Semiconductor Corporation and Quantenna Communications announced , by entered into a definitive agreement for ON Semiconductor to acquire Quantenna for $24.50 per share in an all cash transaction. The acquisition consideration represents equity value of approximately $1.07 billion and enterprise value of approximately $936 million, after accounting for Quantenna’s net cash of approximately $136 million at the end of fourth quarter of 2018. The acquisition significantly enhances ON Semiconductor’s connectivity portfolio with the addition of Quantenna’s industry leading Wi-Fi technology and software capabilities.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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