ATLAS News · Deals
CTech reports Intel will pay about $1.9 billion for Israeli quantum firm Classiq, plus $350 million tied to milestones, in cash or shares.
CTech reports that Intel has disclosed the terms of its acquisition of Classiq, an Israeli quantum-computing company. Intel will pay approximately $1.9 billion for the business.
According to CTech, a further $350 million depends on the company meeting specified milestones. The filing also lets Intel choose whether to pay in cash or in shares.
CTech notes that Intel's stock has fallen more than 40% since the deal was announced.
Performance-based payments, often called earn-outs, are a common way to link part of an acquisition price to future results.
The payment structure and the option to use shares or cash may matter to how investors assess the cost and financing of the deal for Intel.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
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