From Yahoo Finance: 2025-06-09 04:41:00

IonQ is acquiring British peer Oxford Ionics for $1.08 billion to deepen its expertise in quantum computing. Shares of IonQ rose nearly 4% premarket, with the company valued at $10.15 billion. Quantum computers are faster and more efficient, attracting funding from tech giants like Microsoft and Google. Oxford Ionics focuses on controlling qubits, the building blocks of quantum computers. The founders will stay with IonQ post-acquisition. The deal, expected to close this year, involves a cash-and-stock transaction with a price per share ranging from $30.22 to $50.37. Quantum computing is essential for national security and various industries like medical research and cybersecurity. IonQ has been expanding through acquisitions, including Boston-based startup Lightsynq. Nvidia CEO plans to open a quantum computing research lab, emphasizing the importance of this technology.



Read more at Yahoo Finance: IonQ to buy Oxford Ionics for $1.08 billion to expand quantum computing research