Overview
- Qorvo shareholders will receive $32.50 in cash plus 0.96 of a Skyworks share per Qorvo share, leaving Skyworks holders with about 63% of the combined company and Qorvo holders with about 37% after closing.
- Skyworks CEO Phil Brace will lead the merged company, and Qorvo CEO Bob Bruggeworth will join the board.
- The companies project roughly $7.7 billion in annual revenue, $2.1 billion in adjusted earnings, and a $5.1 billion mobile business.
- Closing is targeted for early 2027 pending shareholder and antitrust approvals, with activist investor Starboard Value backing the deal and major customers signaling support.
- Skyworks lined up debt financing from Goldman Sachs and cash on hand to fund the transaction as analysts upgraded the stock and shares rose on the announcement.