Ambarella Reportedly in Exclusive Acquisition Talks with NXP Semiconductors

Reports citing a Betaville alert say Ambarella’s board reviewed multiple takeover bids this week and chose to enter exclusive acquisition talks with NXP Semiconductors. Nvidia and Qualcomm were previously mentioned as potential bidders, and speculation about NXP’s interest dates back to late July. Ambarella shares were trading lower amid the ongoing takeover speculation.