Quantum firm IonQ slips after report it strikes deal to buy cybersecurity co Elisity
12/10/2026 12:37
BUZZ-Quantum firm IonQ slips after report it strikes deal to buy cybersecurity co Elisity ** Quantum computing firm IonQ's IONQ.N shares slip 3% to $38.70 premarket on Mon after M&A news
** IONQ strikes all-stock deal to buy privately held cybersecurity firm Elisity in transaction valued at up to $1.3 bln, according to the Wall Street Journal
** Number of IONQ shares expected to be issued in the transaction will be calculated at a price between $33.07 and $49.61 a share, per the report
** IONQ shares finished Fri at $38.89, giving co about $15.8 bln market cap
** Co recently closed its $1.8 bln takeover of chipmaker SkyWater Technology
** At Fri close, IONQ shares down ~11% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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Press Digest: Wall Street Journal - October 13