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so I guess Apple didn't want to acquire the entire company and all its ~1,900 employees?
by tooltalk 8y ago
so I guess Apple didn't want to acquire the entire company and all its ~1,900 employees?
- giancarlostoro 8y agoProbably, way better than buying them outright and firing the people they don't need.
- jetti 8y agoThat would require Apple to acquire the company's liabilities as well. This way it is all up side.
- ksec 8y agoFor a company worth $1B before the announcement, Apple paid $300M for 16% of their Staff and IP, and $300M for future order. For Dialog that is a much better deal than selling all of itself when Apple has not use for the other 80%.
- hinkley 8y agoRelevant snippet from their wiki page: > Dialog Semiconductor is the exclusive designer of power management integrated circuits (PMICs) for the Apple iPhone, iPad, and Watch, which made up more than 70% of Dialog’s 2016 sales. Its share value halved from April to December 2017 after private bank Bankhaus Lampe changed its outlook for the company from “hold” to “sell” in the belief Apple would replace Dialog’s PMIC designs with its own... Take the money, get rid of the sword over your head, and keep working on your smart home tech with your new valuations and nobody yelling Frog and expecting you to jump. There are worse ways to run a medium sized company.