Reported about 10 hours ago
U-Blox, a Swiss company specializing in microchips and software for car navigation, has revealed that it is in discussions with Advent International regarding a potential takeover. While the outcome remains uncertain, reports suggest that a deal could value U-Blox at over 1 billion Swiss francs. The company's stock has risen significantly, and it recently reported reduced losses and increased revenues, following strategic shifts to focus more on navigation technology.
Source: YAHOO