ON Looks to Quantenna Buy as Route to Industrial, Automotive Markets
ON Semiconductor agreed to buy Quantenna for $24.50 per share in an all-cash transaction with an equity value of $1.07 billion and an enterprise value of $963 million. The acquisition adds Quantenna’s Wi-Fi and software capabilities to ON’s connectivity portfolio…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
and strengthens its position in industrial and automotive markets, it said. The transaction, expected to close in second-half 2019, requires approval of Quantenna’s stockholders but not ON’s, it said.