Dialog still in the market for M&A, eyes larger deal - CEO

Silicon Motion Technology

30/07/2019 10:02

FRANKFURT, July 30 (Reuters) - Chip designer Dialog
Semiconductor  DLGS.DE  is still in the market for takeovers,
and any deal it does is likely to be bigger than a recent
transaction it did with Silicon Motion  SIMO.O , CEO Jalal
Bagherli said.
    Bagherli told analysts that the M&A market was "tighter",
making him inclined to look at startups or carve-outs to round
out Dialog's business after a landmark deal last year to
transfer people and patents to Apple.
    Dialog said in March it would acquire Silicon Motion's
mobile communications business for $45 million, expanding into
the market for low-power connected devices.  urn:newsml:reuters.com:*:nL5N20U1FY

 (Reporting by Douglas Busvine, editing by Riham Alkousaa)
 ((douglas.busvine@tr.com; +49 69 7565 1271; Reuters Messaging:
douglas.busvine.thomsonreuters.com@reuters.net))