UK takeover panel gives Qualcomm till May 27 to make a bid for Alphawave

FILE PHOTO: A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -British semiconductor company Alphawave IP Group on Monday said the UK takeover panel had extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 27.

The deadline to make an offer was previously extended to May 12, on Monday, Alphawave said both parties remained in talks and had consented to extend the deadline further.

(Reporting by Rishab Shaju in Bengaluru; Editing by Nivedita Bhattacharjee)