Gemalto withdraws offer for Wavecom

    Jan. 12, 2009
    Gemalto backs out as Sierra Wireless walks in on acquisition

    Source XOD

    Gemalto, a European-based company known in the security industry for providing smart card technology, announced today that it has officially terminate its offer for Wavecom, a machine-to-machine wireless technology provider. The termination was made in accordance with the French Financial Markets Authority general regulations, and the offer is withdrawn in both France and the U.S.

    Wavecom, it was announced separately in December, would be acquired by Sierra Wireless. Sierra Wireless' offer was for $276.5 million, which was a higher share price than Gemalto's offer.

    Arkadiusz Warguła / iStock / Getty Images Plus via Getty Images
    Maliciously crafted inputs can exploit machine learning models at the algorithmic level, bypassing traditional cybersecurity defenses.
    Pakhnyushchyy / iStock / Getty Images Plus via Getty Images
    Advocates highlight that with proper oversight and adherence to the Five Cs — Community Engagement, Civil Liberties Protection, Common Procedures, Clear Oversight, and Cybersecurity — drones can enhance public safety without compromising civil rights.