Dialog Agrees to $6 Billion Takeover by Renesas Electronics
- Transaction marks latest takeover of a U.K. technology firm
- Semiconductor M&A more than doubled to $144 billion last year
This article is for subscribers only.
Renesas Electronics Corp. of Japan has agreed to acquire Apple Inc. supplier Dialog Semiconductor Plc, the latest U.K.-based chipmaker being sold to Asian investors.
Dialog accepted the all-cash offer of about 4.9 billion euros ($5.9 billion), at 67.50 euros per share, the companies said in statements Monday. Dialog shares rose as much as 18% in early trading in London on Monday. Renesas shares dropped as much as 6.9% in Tokyo.