July 30, 2019 / 9:23 AM / 4 months ago

Dialog still in the market for M&A, eyes larger deal - CEO

FRANKFURT (Reuters) - Chip designer Dialog Semiconductor (DLGS.DE) is still in the market for takeovers, and any deal it does is likely to be bigger than a recent transaction it did with Silicon Motion (SIMO.O), CEO Jalal Bagherli said.

Bagherli told analysts that the M&A market was “tighter”, making him inclined to look at startups or carve-outs to round out Dialog’s business after a landmark deal last year to transfer people and patents to Apple.

Dialog said in March it would acquire Silicon Motion’s mobile communications business for $45 million (£36.9 million), expanding into the market for low-power connected devices.

Reporting by Douglas Busvine, editing by Riham Alkousaa

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