US EditionU-Blox says in talks about takeover by Advent
The potential $1.2 billion deal reflects U-Blox's strategy to focus on navigation technology amid rising global dealmaking driven by AI and lower interest rates.
Summary by Channel News Asia
3 Articles
3 Articles
U-Blox says in talks about takeover by Advent
Switzerland's U-Blox Holding, a maker of microchips and software for car navigation, said on Friday it was in talks with Advent International about being taken over by the private equity firm."Whether a transaction will materialise is open at this stage," the company said in a statement.Advent declined
·Singapore
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The semiconductor manufacturer U-Blox has confirmed media speculation for takeover talks with Advent International. According to U-Blox, however, it is still open at the moment if a transaction takes place.
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Total News Sources3
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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