Reports say Ambarella's board chose exclusive talks with NXP after reviewing multiple bids, making a sale more possible. Shares were lower amid speculation, and the report cites an alert rather than a completed deal.
A possible sale could give Ambarella owners a chance to receive a takeover payment. The board's choice of exclusive talks after reviewing multiple bids is the clearest positive sign. But the report relies on a Betaville alert and describes talks, not a completed sale.
Reports say NXP is in exclusive talks to buy Ambarella, but no deal terms or completed purchase are reported. The story gives no clear reason this would help or hurt NXP.
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