$QBTS
D-Wave Quantum to buy Quantum Circuits for $550M in cash and stock
D-Wave Quantum (QBTS) has agreed to buy Quantum Circuits for a purchase price of $550 million, consisting of $300 million in D-Wave common stock and $250 million in cash.
The acquisition will bring together D-Wave’s expertise in scalable control of superconducting processors as well as its production-grade, high-availability quantum cloud platform with Quantum Circuits’ approach to error-corrected superconducting gate-model technology.
As part of the acquisition, Quantum Circuits’ experts in superconducting quantum comput