Qualcomm Enters Definitive Deal To Buy Sequans' 4G IoT Technologies; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Qualcomm has entered a definitive agreement to acquire Sequans' 4G IoT technologies, including certain employees, assets, and licenses. The deal is subject to French regulatory approval. Sequans retains rights to use the technology commercially.
August 23, 2024 | 10:03 am
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POSITIVE IMPACT
Qualcomm is acquiring Sequans' 4G IoT technologies, which could enhance its IoT offerings. The deal is pending regulatory approval.
The acquisition of Sequans' 4G IoT technologies is likely to strengthen Qualcomm's position in the IoT market, potentially leading to positive investor sentiment. However, the deal is subject to regulatory approval, which introduces some uncertainty.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sequans will sell its 4G IoT technologies to Qualcomm but retains rights to use the technology, allowing it to focus on expanding its 4G and developing its 5G portfolio.
The sale of 4G IoT technologies to Qualcomm provides Sequans with resources to focus on its 4G and 5G development, which could be seen positively by investors. The perpetual license agreement ensures continued commercial use of the technology.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80