Qualcomm Buys Buzzy Chip Startup Modular for Nearly $4 Billion
Qualcomm will acquire the Silicon Valley chip startup Modular for nearly $4 billion. The companies announced the acquisition on Wednesday; Qualcomm said It expects to issue up to 19.2 million shares of common stock in the deal, which works out to just under $4 billion based on the company’s last closing share price. The deal, … Read more