NewsIonQ shares fall 9% after $1.3 billion deal for Elicity
This company is purchasing Elicity, which provides security for large business networks. They are using an all-stock transaction, so they pay with company shares instead of using cash.
This company is purchasing Elicity, which provides security for large business networks. They are using an all-stock transaction, so they pay with company shares instead of using cash. CEO Niccolo De Masi wants to keep vital systems safe as computers get more powerful. "The CEO, Niccolo De Masi, said the company will be well-positioned to help customers protect critical infrastructure and enterprise networks throughout the transition to the quantum era." A billion dollar bill is a lot to pay without using any cash.