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Enlarge / U.S. President Donald Trump hugs Broadcom CEO Hock Tan as Tan announces the repatriation of his company’s headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House on November 2, 2017 in Washington, DC. (credit: Martin H. Simon – Pool/Getty Images) On Monday evening, President […]
(Reuters) — Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd’s $ 103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm were up 1.8 percent at $ 65.74 in early afternoon trading, while those of Broadcom were down 0.4 percent at $ 263.95. Broadcom said it […]
Broadcom might have to forget about taking over Qualcomm without a fight — Reuters sources claim that Qualcomm’s board is planning to reject the unsolicited buyout bid. Reportedly, Broadcom’s offer of $ 70 per share, despite setting a record, “undervalues” Qualcomm and doesn’t account for the potential regulatory hurdles involved in clinching such a huge […]
Colin E. Braley/AP Broadcom has announced a $ 130 billion takeover bid for fellow semiconductor giant Qualcomm. It would be the largest tech acquisition of all time. Wall Street bankers could earn as much as $ 280 million in fees for advising on the deal. Broadcom sent tremors through the semiconductor industry when it unveiled […]
(Reuters) — A potential mega-merger between chipmaker Broadcom Ltd and U.S. rival Qualcomm Inc is likely to face stern scrutiny in China, antitrust lawyers say, amid a strategic push by Beijing into semiconductors. Broadcom made an unsolicited $ 103 billion bid for Qualcomm on Monday, aimed at creating a $ 200-billion-plus behemoth that could reshape […]
