Home / Business and Economy / FTC Deadlock: IonQ-SkyWater Deal Faces Uncertain Future
FTC Deadlock: IonQ-SkyWater Deal Faces Uncertain Future
29 Jul
Summary
- IonQ's $1.8 billion acquisition of SkyWater Technology is nearing completion.
- The Federal Trade Commission has a 1-1 split vote on the deal.
- A decision on imposing conditions for the acquisition is pending.
IonQ Inc. is set to finalize its $1.8 billion acquisition of semiconductor manufacturer SkyWater Technology Inc. by the end of this week. The transaction's completion is contingent on the Federal Trade Commission's (FTC) review. However, the FTC has encountered a procedural hurdle, with commissioners split 1-1 on whether to approve the deal or impose specific conditions.
This internal division within the FTC means the agency has not yet reached a consensus on the acquisition's terms. As a result, the finalization of IonQ's purchase of SkyWater now hangs in the balance, awaiting further deliberation or a decisive outcome from the commission.
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