US investors swoop in £6bn tech takeover
CITY AM says the frenzy of UK tech takeovers showed no signs of slowing down on Monday after three separate billion-pound M&A moves were made within hours of each other as US tech giants continued their hunt for British bargains.
First to announce a move on Monday was London-listed semiconductor firm Alphawave, which confirmed it had reached an agreement with American chipmaker Qualcomm in a cash and shares deal that valued the company at $2.4bn (£1.8bn).
