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Qualcomm will not renominate its former chairman Paul Jacobs to the board of directors, the company announced Friday. Qualcomm also confirmed reports that Jacobs is looking to buy out the publicly traded company, and said it will evaluate the offer if it is made. Jacob’s offer comes days after President Trump blocked a hostile takeover […]
Here is what you need to know. Stocks enter a correction. The Dow Jones industrial average fell more than 1,000 points, or about 4% Thursday, extending its drop from the January highs to more than 10%. The government shutdown is already over. The shutdown lasted a couple of hours as Congress reached a bipartisan deal which raises budget […]
Drew Angerer / Getty Images Mergers-and-acquisitions transactions worth over $ 10 billion are surging back after a largely dormant first half of the year. Wall Street bankers say an improving global economy and confidence in the regulatory environment are playing a role. The looming threat of supercorporations like Amazon has many large companies evaluating whether […]
The Wolf of Wall Street/Paramount Pictures Broadcom’s record-breaking $ 130 billion bid for rival chipmaker Qualcomm could earn banks as much as $ 280 million in advisory fees. Qualcomm is set to reject the unsolicited offer, according to several reports. Wall Street bankers have been on a feeding frenzy orchestrating transactions for a handful of […]
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 […]
The Wolf of Wall Street/Paramount Pictures Broadcom’s record-breaking $ 130 billion bid for rival chipmaker Qualcomm could earn banks as much as $ 280 million in advisory fees. Qualcomm is set to reject the unsolicited offer, according to several reports. Wall Street bankers have been on a feeding frenzy orchestrating transactions for a handful of […]
Getty/Chip Somodevilla Qualcomm filed lawsuits in China, seeking to halt the manufacture and sale of Apple’s iPhones in the country, Bloomberg reported on Friday. Qualcomm filed the suits in a Beijing intellectual property court, claiming patent infringement and is seeking injunctive relief, Bloomberg said, citing a Qualcomm spokeswoman. Apple’s shares were up marginally, while Qualcomm […]
Getty Images/ Kevork Djansezian Baupost Group invested nearly half a billion dollars in semiconductor company Qorvo in the first quarter, a regulatory filing shows. The Boston-based hedge fund firm invested about $ 493 million in the first three months of this year, according to the firm’s first-quarter 13-F filing. The firm also invested $ 299 million in […]
