Economy

Broadcom Reportedly Explore Deal To Acquire Qualcomm

Broadcom Reportedly Explore Deal To Acquire Qualcomm”

Semiconductor giant Broadcom is exploring a possible acquisition of $80 billion Qualcomm, according to a Bloomberg News report citing people familiar with the matter.

Shares of San Diego-based Qualcomm rose more than 15 percent at one point during trading Friday after reports surfaced that Broadcom was considering making an unsolicited offer.

Should there be a deal between Broadcom and Qualcomm, it's not clear what that would mean for Qualcomm's effort to buy NXP Semiconductors NV, a almost $40 billion proposed takeover Qualcomm announced over a year ago.

Broadcom's advisers were huddled in the mid-town Manhattan offices of its law firm Wachtel Lipton late Sunday afternoon deciding on final steps for the roll-out of its offer.

Broadcom was created a year ago when Tan's Avago Technologies bought Irvine, Calif. -based chipmaker Broadcom for $37 billion and then adopted the Broadcom name for the combined company. Tan has said he wants more deals, a strategy that could be limited by opposition from U.S. regulators.

Broadcom, which has a market value of $110 billion, just announced on Thursday that it's moving its headquarters to the USA from Singapore.



Like this

Latest


06 November 2017
Jeff Bezos sells more than $1 billion in Amazon stock
Bezos said this past April that he sells "about $1 billion per year" of Amazon stock to help fund his Blue Origin space venture. He's also in little danger of losing control of the company, as he still owns around 16 per cent of its shares.

06 November 2017
N to go in general election under Nawaz Sharif leadership: Mushahid Ullah
He had raised anti-corruption slogans, but had not taken action against corrupt elements present in his party, he alleged.

06 November 2017
Avs agree to trade forward Duchene
Turris was in the final year of his contract , but has reportedly agreed to a six-year deal with the Predators worth $36 million. Turris has scored four points - two goals and two assists - on the power play this season.

06 November 2017
The Morgan Stanley lowers the Stock rating of Qualcomm Inc. (QCOM)
BidaskClub raised shares of QUALCOMM from a strong sell rating to a sell rating in a report on Sunday, July 16th. Bluemountain Capital Limited Liability Corporation stated it has 77,106 shares or 0.09% of all its holdings.

06 November 2017
The Lowe's Cos. (LOW) Stock Rating Upgrade by the Vetr Inc
The company has a debt-to-equity ratio of 2.85, a current ratio of 1.03 and a quick ratio of 0.19. (NYSE:LOW) for 9,799 shares. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock.

06 November 2017
Your hard-earned PlayStation trophies can now earn you PlayStation credit
Platinum Trophy: Get 10 Platinum Trophies while you game and earn 1,000 points. Those points can in turn be redeemed for actual money on PSN.

06 November 2017
58-year-old held for theft at AAP office
The leader said that around 25-28 election campaign material was stolen from the party office at Rouse Avenue, New Delhi . A man, to whom he tried selling the stolen articles, was also arrested, police said.

06 November 2017
Where to buy the Razer Phone in the US
And just like its gaming laptops, the first Razer Phone is packed to the brim with the latest in mobile tech. The Razer phone will be running on the Snapdragon 835 processor with 64GB of internal storage .

06 November 2017
Bergdahl Is Dishonorably Discharged but Gets No Prison Time for Desertion
Jeffery Nance delivered the sentence in a hearing that lasted just two minutes, and did not comment on his decision. Army soldier, left his post while on duty in Afghanistan's Paktika province on the night of June 30, 2009.

06 November 2017
Joseph's takes top marks in patient safety
The nonprofit organization combines a host of national performance measures to determine a single letter grade for each hospital. Ellison, MD, executive medical director for the Southern California Permanente Medical Group.



Recommended