Tech Company M&A Transactions
Berkana Wireless Acquisition
Berkana Wireless, operating out of San Diego, was acquired by Qualcomm. Qualcomm disclosed that the acquisition price was $56 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/5/2006
Transaction Type
M&A
Amount
$56,000,000
M&A Terms
QUALCOMM Incorporated (Nasdaq: QCOM), today announced that the Company has acquired Berkana Wireless Inc., QUALCOMM will pay approximately $56 million in cash for Berkana. The Company expects approximately $0.005 dilution to pro forma earnings per share in its fiscal year ending September 2006. Additionally, QUALCOMM expects one-time charges of approximately $10 million, principally related to in-process research and development, upon closing. The amounts above are estimates and are subject to change.
Company Information
Company Status
Acquired or Merged
Industry
Semiconductors
Mailing Address
5775 Morehouse Dr.
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Not Recorded
Overview
Berkana was acquired by QUALCOMM Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sam Nakib
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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