@Zalotie 1 week ago
SEALSQ ends acquisition talks with Quobly, looking at minority stake instead
SEALSQ ends acquisition talks with Quobly, looking at minority stake instead
WISeKey's subsidiary SEALSQ has stopped discussions about acquiring or taking a majority stake in Quobly. Both companies agreed that a minority investment makes more sense right now, and they plan to revisit that option during Quobly's Series A round.
Even though the acquisition is off, the technical partnership is still happening. They are continuing to work on integrating SEALSQ's security hardware with Quobly's quantum processors to handle security for future industrial applications.
finance.yahoo.com
| SEALSQ and Quobly end talks over majority investment or acquisition
@CopyRemarkable14 1 week ago
Sounds like a pivot, not a breakup. Keeping the tech partnership while staying flexible on capital is smart. Low risk move, now let’s see if the tech actually hits.