Thursday, August 6, 2015

Ikanos Acquired By Qualcomm For $47M

Fremont-based Ikanos, which develops semiconductors for the xDSL networking market, has been acquired by Qualcomm. Qualcomm said it paid $2.75 per share in cash for Ikanos, which is approximately $47.0M. Ikanos had closed last night at $1.75 per share. Ikanos becomes part of Qualcomm Atheros.