Broadcom offers to buy Qualcomm in $130bn deal

Qualcomm's chips and patents affect nearly every smartphone model in the world, and Broadcom is offering $70 a share, which is a 28pc premium on Qualcomm's closing stock price last Thursday (2 November) according to a report in The New York Times.

The offer came after Broadcom chief executive Hock Tan appeared with President Donald Trump last week and announced the company is likely to relocate its headquarters from Singapore to the US.

Broadcom and Qualcomm are no strangers to acquisitions, with the pair in talks to complete multibillion-dollar deals. The deal would dwarf Dell Inc.'s $67 billion acquisition of EMC in 2015 - then the biggest in the technology industry.

Qualcomm is preparing to fend off the unsolicited offer, arguing it undervalues the company, people familiar with the plans have said. Including debt, Broadcom's bid values the transaction at $130 billion.

Specifically Broadcom is offering to pay $70.00 per Qualcomm share, with $60.00 being in cash and $10.00 per share in Broadcom shares. There has been regulatory scrutiny for that deal in Europe, as well as reported objections from NXP stakeholders.

John Wall Will Miss Wizards-Raptors Due To His Shoulder Injury
After losing to the Celtics in seven games during the Eastern Conference semifinals, they now have the experience to make a deeper postseason run.

Disney finalizes Beyoncé-led cast for The Lion King remake
Because, it turns out, the rumors are true: Beyoncé Knowles is joining the Disney remake in the role of Nala . Beyonce posted a casting announcement on her Facebook page with the simple hashtag #TheLionKing 2019.

Spanish judge orders arrest of ousted Catalan leader: La Vanguardia
The Spanish government have said that the jailing of the Catalan politicians is not politically motivated. However, one of them, Santi Vila, was freed on bail on Friday.

"We would not make this offer if we were not confident that our common global customers would embrace the proposed combination", Tan said in a company release Monday.

"The combined company will be positioned to deliver more advanced semiconductor solutions for our global customers and drive enhanced stockholder value", he added.

Broadcom has been trying to get regulatory approval for its purchase of Brocade Communications Systems Inc since 2016.

Qualcomm has a (long) pending acquisition, of chipmaker NXP Semiconductors NV, in the works - and Broadcom notes that its offer is not dependent on whether or not Qualcomm manages to close with NXP on the now disclosed terms (it's offering ~$39BN for the Netherlands-based chipmaker which has a focus on car-related applications and also security-based identification).

Japanese telecoms firm SoftBank has already agreed a deal to buy British semiconductor firm Arm, while Intel bought Altera, and Qualcomm has agreed a deal for NXP.

Related news:

Hot News

isis-killer-beheading-video-story-top Australia Declines Aid from New Zealand in Refugee Crisis
Nov 06, 2017 - 02:47
Food, medicine, power and water have been cut from the former detention center. Protesters say Manus Island is Australia's Guantanamo Bay.

isis-killer-beheading-video-story-top Jared Goff throws 4 touchdown passes in Rams' blowout win over Giants
Nov 06, 2017 - 02:34
And yet, a screen pass from Jared Goff turned L.A. wideout Robert Woods into a hot knife, and the Giants' defense just melted. The Giants managed a fourth-quarter touchdown on a 10-yard pass from Manning to tight end Evan Engram to make it 48-17.

isis-killer-beheading-video-story-top Carter Page testifies he told Sessions about Russian Federation trip
Nov 06, 2017 - 02:33
Sessions made similar denials in two subsequent hearings before Congress on Russian Federation since taking office. President Donald Trump's former campaign national co-chair Sam Clovis has ixnayed his own nomination to the U.S.

isis-killer-beheading-video-story-top BlizzCon 2017: What Should We Expect From Hearthstone's Kobalds & Catacombs Expansion?
Nov 06, 2017 - 02:25
There's a new keyword: "recruit" which will see cards with the keyword pulling minions from your deck and dropping them into play. Kobolds and Catacombs introduces legendary weapons for every class, including those who have never recieved weapons in the past.

isis-killer-beheading-video-story-top Islamic State takes responsibility for NYC attack; security increased
Nov 06, 2017 - 02:22
He started planning the attack about a year ago while in the USA - and two months ago, he made a decision to use a truck. Trump also has called for eliminating the 1990s visa lottery program that Saipov used to come to the U.S.in 2010.

isis-killer-beheading-video-story-top Both Bush presidents worry Trump is blowing up the GOP
Nov 05, 2017 - 02:44
Rather than being motivated by public service, Bush said, Trump seemed to be driven by "a certain ego". The book, titled " The Last Republicans ", will be published on November 14 by HarperCollins.

isis-killer-beheading-video-story-top Michigan State's last-second field goal sinks Penn State's playoff hopes
Nov 05, 2017 - 02:43
Penn State's College Football Playoff hopes likely went down with the loss, having lost their last two by a combined four points. Penn State coach James Franklin has a 0-10 road record against ranked opponents, including five losses with the Nittany Lions.

isis-killer-beheading-video-story-top Taylor Swift makes fun of herself with new Reputation merch
Nov 04, 2017 - 01:24
The response to the first three singles has been fairly, ahem, mixed so far. The full album will arrive on November 10.

isis-killer-beheading-video-story-top Cowboys RB Ezekiel Elliott granted stay, eligible to play Sunday
Nov 04, 2017 - 01:24
Circuit Court of Appeals granted him a temporary stay , allowing the Cowboys running back to play against the Chiefs this Sunday. Check back for the latest developments on this breaking news story . "So every day is worth fighting".

isis-killer-beheading-video-story-top Thomas jobless rate jumps to 6.3% in October
Nov 04, 2017 - 01:21
The consensus call among traders was for a 15,000-job advance, according to economists at Royal Bank of Canada. Offsetting those gains, the wholesale and retail trade sector lost 35,900 positions.

isis-killer-beheading-video-story-top Sanders campaign manager: 'It was pretty clear' DNC was on Clinton's side
Nov 04, 2017 - 01:14
Regardless of how one feels about Brazile's political views, her loyalty to - and love of - her party is hardly open to dispute. Brazile alleges she found "proof" that the 2016 Democratic primary was rigged in Clinton's favor.

isis-killer-beheading-video-story-top Canada adds 35000 jobs in October, unemployment rate up 0.1 per cent
Nov 04, 2017 - 01:13
Among major Canadian cities, only Calgary and Edmonton had higher unemployment rates, at 8.3 and 8.2 per cent respectively. Canada's manufacturing sector added 7,800 new jobs in October, according to Statistics Canada.

isis-killer-beheading-video-story-top BJP to seek delay in Padmavati release
Nov 04, 2017 - 01:13
The Gujarat BJP spokesperson said the party had received several representations from the Kshatriya community about "distortion of historical facts" in the film.

isis-killer-beheading-video-story-top Ex-TMC heavyweight Mukul Roy joins BJP, calls it secular party
Nov 04, 2017 - 01:12
It remains to be seen whether Roy can bring about some changes that will help BJP emerge stronger in West Bengal. Former Trinamool Congress leader Mukul Roy on Friday joined the Bharatiya Janata Party (BJP) in New Delhi .

isis-killer-beheading-video-story-top Arsenal's Santi Cazorla opens up about career-threatening injury
Nov 04, 2017 - 01:12
Santi Cazorla had a skin graft from a tattoo on his arm to rescue his ankle from an infection eating his Achilles tendon . However, despite eight operations, the wound fail to heal and became infected.