Re: That produces 90%+ monopoly on wifi chipsets
I smell a massive stock manipulation under way and/or a hatchet job of some sorts.
I'm less cynical. I've worked with many company directors, few are smart enough to rig a stock fraud (a tiny handful certainly were, they did, and they've now got the criminal records to prove it).
The purpose of M&A is not about enriching anybody other than banks and lawyers, it is the corporate equivalent of chewing the cud. Directors should be attending to running their business efficiently, and offering innovative products to customers. But that's hard, and often dull work. Far more exciting to get wined and dined by investment bankers, to talk in breathy terms about "deal multiples" and "exit valuations", along with "synergies" and "new paradigms". So that's what they do - let the core business fester, often crying out for attention and resources, and instead the directors fritter their attention and resources on a value-destroying acquisition.