Alex Webb, Columnist

Apple Made Dialog An Offer It Really Couldn’t Refuse

Having lost so much value already, Dialog could do little but transfer a big chunk of itself to its largest customer.

October 11, 2018 at 10:30 AM UTC

Alex Webb is a correspondent for Bloomberg Quicktake. He previously covered the technology, telecoms and media industries in London, San Francisco and Munich.

Dialog gets its Apple problem solved (by Apple).
Photographer: Daniel Acker

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Dialog Semiconductor Inc. has waved the white flag.

The Reading, England-based company’s shares have lost nearly two thirds of their value since November as Apple Inc. threatened to develop its own power-management chips, the very component that Dialog currently supplies. The stock recovered as much as a third of those losses at one point Thursday after Dialog said it was selling a big chunk of its business to the iPhone-maker.