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Sept. 16, 2019, 8:02 a.m. EDT

Qualcomm buys rest of JV RF360 from TDK, for total purchase price of $3.1 billion

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By Tomi Kilgore

Qualcomm Inc. /zigman2/quotes/206679220/composite QCOM +1.54% said Monday that it was buying the remaining interest in RF360 Holdings Singapore Pte. Ltd., which makes RF frong-end filters. RF360 is a joint venture with Tokyo-based TDK Corp. /zigman2/quotes/201622098/composite TTDKY +0.89% /zigman2/quotes/208948266/delayed JP:6762 +0.20% , with TDK's remaining interest valued at $1.15 billion in August. Qualcomm's stock slipped 0.9% in premarket trading. Qualcomm said the total purchase price, including the initial investment, payments to TDK and development obligations will be about $3.1 billion. Qualcomm said the acquisition strengthens its RF business and helps support the transition to 5G. "Our goal in the formation of this joint venture was to enhance Qualcomm Technologies' front-end solutions to enable us to deliver a truly complete solution to the mobile device ecosystem, and we have done exactly that," said Qualcomm President Cristiano Amon. Qualcomm's stock has soared 37.8% year to date through Friday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.30% has gained 20.0%.

/zigman2/quotes/206679220/composite
US : U.S.: Nasdaq
$ 150.82
+2.29 +1.54%
Volume: 1.29M
Aug. 18, 2022 11:49a
P/E Ratio
13.37
Dividend Yield
1.99%
Market Cap
$166.80 billion
Rev. per Employee
$936,467
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/zigman2/quotes/201622098/composite
US : U.S.: OTC
$ 37.53
+0.33 +0.89%
Volume: 7,787
Aug. 18, 2022 11:09a
P/E Ratio
9.09
Dividend Yield
2.62%
Market Cap
$14.16 billion
Rev. per Employee
$145,558
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/zigman2/quotes/208948266/delayed
JP : Japan: Tokyo
¥ 5,070.00
+10.00 +0.20%
Volume: 2.64M
Aug. 18, 2022 3:00p
P/E Ratio
10.57
Dividend Yield
2.09%
Market Cap
¥1917.72 billion
Rev. per Employee
¥17.06M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,286.98
+12.94 +0.30%
Volume: 2.22B
Aug. 18, 2022 11:49a
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