ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Apple supplier Murata of Japan to buy U.S. 5G developer Resonant

$300m deal eyes mass production of high-precision mobile components

Murata, which owns 4% of Resonant, plans to complete its purchase of the Texas-based company's remaining shares in March.  

TOKYO -- Japanese technology group Murata Manufacturing has struck an agreement to purchase Resonant, a U.S. designer of a key 5G component, in an all-cash deal worth approximately $300 million.

Murata, which owns 4% of Resonant, will buy the remainder through a tender offer at $4.50 per share. The purchase is due for completion in late March, when Nasdaq-listed Resonant will become a wholly-owned subsidiary, the company said Tuesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more