UK takeover panel gives Qualcomm till May 27 to make a bid for Alphawave
A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
May 12 (Reuters) – British semiconductor company Alphawave IP Group (AWE.L), opens new tab on Monday said the UK takeover panel had extended the deadline for a takeover offer by U.S. chipmaker Qualcomm (QCOM.O), opens new tab to May 27.
The deadline to make an offer was previously extended to May 12, on Monday, Alphawave said both parties remained in talks and had consented to extend the deadline further.
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Source: Reuters reported by Rishab Shaju in Bengaluru and edited by Nivedita Bhattacharjee
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