Swiss Chipmaker U-blox Confirms Talks With Advent on Takeover

Swiss positioning chips maker U-blox Holding AG said it’s currently in negotiations with Adventover a potential transaction involving a possible takeover.

Whether a deal will materialize remains open at this stage, according to a statement on Friday that confirmed an earlier Bloomberg News report. Advent is working on an offer to acquire U-blox in a deal that could be valued at more than 1 billion Swiss francs ($1.2 billion), people familiar with the matter have said.

Shares of U-blox surged as much as 20% in their biggest intraday gain since August 2022 after the Bloomberg News report. The ...