D-Wave Quantum Inc. (QBTS), a developer of quantum computing systems, Wednesday said it agreed to acquire Quantum Circuits for $550 million.
The transaction will involve $300 million in D-Wave common stock and $250 million in cash and is expected to close in late January.
"Together with Quantum Circuits, we expect that D-Wave will leapfrog the industry, bringing gate-model products and services to market in 2026 and rapidly progressing our dual-platform strategy of delivering annealing and gate-model systems to address customers' full breadth of computational problems.", said Dr. Alan Baratz, CEO of D-Wave.
In pre-market activity, QBTS shares were trading at $31.42, up 0.48% on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.