Viavi to acquire Spirent in $1.2B deal

Viavi Solutions has agreed to acquire Spirent Communications in an all-cash deal valuing Spirent at around $1.2 billion. Under the terms of the acquisition, Spirent shareholders will receive 175 pence per share—comprising 172.5 pence in cash and a 2.5 pence special dividend. This represents a premium of 61.4 percent over Spirent’s closing share price of…

Viavi to acquire Spirent in $1.2B deal

Viavi Solutions has agreed to acquire Spirent Communications in an all-cash deal valuing Spirent at around $1.2 billion. Under the terms of the acquisition, Spirent shareholders will receive 175 pence per share—comprising 172.5 pence in cash and a 2.5 pence special dividend. This represents a premium of 61.4 percent over Spirent’s closing share price of…

Viavi to acquire Spirent in $1.2B deal

Viavi Solutions has agreed to acquire Spirent Communications in an all-cash deal valuing Spirent at around $1.2 billion. Under the terms of the acquisition, Spirent shareholders will receive 175 pence per share—comprising 172.5 pence in cash and a 2.5 pence special dividend. This represents a premium of 61.4 percent over Spirent’s closing share price of…

Waymo expands robotaxi operations to Austin

Waymo – the self-driving technology firm under Google-owner Alphabet – is set to launch its Waymo One service in Austin, marking the latest expansion of its robotaxi operations. Following successful ventures in Phoenix, San Francisco, and Los Angeles, Waymo’s move into the Texas capital underscores its ambition to establish itself as a leader in autonomous…

India’s Flipkart readies quick-commerce play

The Indian e-commerce giant Flipkart is planning to enter the quick-commerce business, aimed at providing customers with the convenience of receiving their orders within a matter of hours after making their purchases, a source familiar with the matter told TechCrunch. The firm, majorly owned by Walmart, plans to make the instant-delivery service available in select…