M&A · Tech · Semiconductors & Related Devices
Skyworks Solutions, Inc. to acquire Qorvo, Inc.
Announced Oct 28, 2025 · Closed Oct 5, 2026
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Skyworks Solutions, Inc. (SWKS)
- Target
- Qorvo, Inc. (QRVO)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Oct 5, 2026
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- $100M
- Go-shop
- No-shop
- Financing
- Committed · Goldman Sachs
Advisors
- To the acquirer
- Qatalyst, Goldman Sachs
- To the target
- Centerview
- Goldman Sachs fee
- $11.0M
Sector context · Tech
- Comparable deals
- 63 in the prior 24 months
- Premium
- Sector median 37.1%
- EV / Adj. EBITDA
- Sector median 16.7x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedOct 28, 2025
- Proxy filedDec 23, 2025
- Definitive proxyDec 23, 2025
- Shareholder voteFeb 11, 2026
- ClosedOct 5, 2026
Valuation · fairness opinions
Discounted cash flowQatalyst$68.00$112.00
Discounted cash flowQatalyst$71.00$126.00
Precedent transactionsQatalyst$75.00$154.00
Precedent transactionsQatalyst$90.00$174.00
Precedent transactionsQatalyst$95.00$159.00
Discounted cash flowGoldman Sachs$89.16$123.97
Other analysisGoldman Sachs$99.16$142.43
Implied value per Qorvo, Inc. share by analysis, from Qatalyst and Goldman Sachs.