The chip maker, backed by both Qualcomm and semiconductor manufacturer Marvell, could be the subject of a $300m bid.
Wireless communications company Qualcomm is planning to acquire Israel-based high-speed Wi-Fi chipmaker Wilocity for $300m, according to Israeli business newspaper Globes.
Qualcomm Atheros, a subsidiary of Qualcomm, previously invested in a $20m round raised by Wilocity in 2010 alongside Sequoia Capital, Tallwood Venture Capital and Benchmark Capital.
Wilocity secured a further $35m in October 2013 in a round led by Vintage Investment Partners and Jerusalem Global Ventures, and also featuring Qualcomm, Sequoia, Benchmark, Tallwood and semiconductor producer Marvell Technology Group.…
