Skyworks to combine with Qorvo in cash-and-stock deal valued at about $22 billion
Skyworks Solutions agreed to merge with Qorvo in a cash-and-stock transaction that the companies say values the combined enterprise at about $22 billion. Qorvo shareholders would receive $32.50 in cash and 0.960 of a Skyworks share per Qorvo share, and Skyworks holders would own about 63% of the combined company, which is expected to close in early calendar 2027 subject to shareholder and regulatory approvals.
Key points
- Qorvo holders receive $32.50 in cash plus 0.960 Skyworks common shares per Qorvo share; Skyworks shareholders would own about 63% of the combined company
- Goldman Sachs Bank USA committed up to $3,050,000,000 in senior unsecured bridge term loans; receipt of financing is not a closing condition
- Companies expect $500 million or more of annual cost synergies within 24-36 months after closing; the deal is expected to close early in calendar 2027
- Phil Brace will be chief executive officer of the combined company; Robert Bruggeworth will be a Qorvo designee on the board
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.