Qualcomm to buy Atheros for $3.1B

City News Service

Qualcomm announced Wednesday that it finalized a deal to buy Atheros Communications for about $3.1 billion, or $45 per share.

San Jose-based Atheros supplies “connectivity’ technology for networking equipment, computing and consumer device manufacturers.

Atheros president and CEO, Craig H. Barratt, is expected to join Qualcomm as president of networking and connectivity.

“Qualcomm and Atheros have a long history of collaboration and share a culture of technical innovation and execution excellence” Barratt said.

The deal is expected to close in the first half of 2011.

“It is Qualcomm’s strategy to continually integrate additional technologies into mobile devices to make them the primary way that people communicate, compute and access content. This acquisition is a natural extension of that strategy into other types of devices” said Paul Jacobs, chairman and CEO of Qualcomm. “The combination of Qualcomm and Atheros is
intended to accelerate this opportunity by utilizing best-in-class products for communications, computing and consumer electronics to broaden existing customer relationships and expand access to new partners and distribution channels.”

Related posts:

  1. Qualcomm selling lower frequency band space to AT&T
  2. Sanders won’t push for mid-year budget cuts
  3. Funeral services for Julien Hug set for Nov. 12
  4. Bachelorette contestant, Rancho Santa Fe resident Julien Hug found dead
  5. New au pair program launched in La Jolla

Short URL: http://www.lajollalight.com/?p=32267

Posted by Kathy Day on Jan 5, 2011. Filed under News, Region. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

La Jolla Community Calendar


Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

RSS North Coastal News