"Alphawave's acquisition by Qualcomm for $2.4bn signifies the UK losing another technological firm, illustrating challenges in maintaining large tech listings in London."
"The acquisition reflects a broader trend of tech companies departing UK markets, as they seek better liquidity and valuations in the US."
British chip designer Alphawave is set to be acquired by US rival Qualcomm for $2.4 billion, a notable loss for the London Stock Exchange as it struggles to retain large tech firms. After months of discussions, Alphawave's board has recommended a £1.83 per share offer to its shareholders. This acquisition highlights a trend of UK technology companies either being taken over by US rivals or moving to American markets in pursuit of better financial conditions. Notably, companies like Wise and Deliveroo have also opted to shift listings to the US, further indicating a growing trend.
Read at www.theguardian.com
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