BUZZ - Shares of quantum computing company IonQ fall after reports of an agreement to acquire cybersecurity firm Elisity

October 12 - ** Quantum computing company IonQ (IONQ.N) shares fell 3% in pre-market trading on Monday to $38.70 following reports of a merger and acquisition

** According to The Wall Street Journal, IONQ has agreed to an all-stock deal (link) to acquire private cybersecurity company Elisity, with the transaction valued at up to $1.3 billion

** The report said the number of shares IONQ is expected to issue in this deal will be calculated at a price of $33.07 to $49.61 per share

** IONQ’s share price closed at $38.89 last Friday, giving the company a market value of about $15.8 billion

** The company recently completed an $1.8 billion acquisition of chipmaker SkyWater Technology (link)

** As of Friday’s close, IONQ shares were down about 11% year-to-date

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