Market News / Story
Ambarella gains on report Qualcomm may be interested in takeover
Seeking Alpha ·
Seeking Alpha reports: Ambarella rose 5.3% after a report that Qualcomm may be interested in a deal. Qualcomm is speculated to be working with advisers on a possible deal, according to traders, who cited a Betaville "uncooked" alert that was circulating on Friday. Ambarella is also rumored to be working with bankers on talks with NXP Semiconductors and Qualcomm . The news comes after Betaville last month said a US-listed trade buyer may be circling Ambarella . The mystery suitor may be…