Broadcom offers $105 billion for Qualcomm in landmark deal
7 years, 4 months ago

Broadcom offers $105 billion for Qualcomm in landmark deal

Live Mint  

San Francisco: Broadcom Ltd offered about $105 billion for Qualcomm Inc., kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry. The lawsuit may prompt Apple to stop buying Qualcomm chips for use in the iPhone and other products, which would deal a major blow to a unit that drives the bulk of Qualcomm’s revenue. Qualcomm filed lawsuits seeking to ban the sale and manufacture of iPhones in China, which, if granted, would cut off Apple from the world’s largest phone market and cripple production. In the statement Monday, Broadcom said its offer stands whether Qualcomm’s pending acquisition of NXP is closed under the current terms of $110 per NXP share, or if the transaction is terminated.

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History of this topic

Broadcom, TSMC eye possible Intel deals to split storied chipmaker: Report
1 month ago

Broadcom, TSMC eye possible Intel deals to split storied chipmaker: Report

The Hindu  

Intel's rivals Taiwan Semiconductor Manufacturing Co and Broadcom are each eyeing potential deals that would break the U.S. chipmaking icon in two, the Wall Street Journal reported on Saturday, citing people familiar with the matter. TSMC, the world's biggest contract chipmaker, has separately studied controlling some or all of Intel's chip plants, potentially as part of an investor consortium or …

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time
3 months, 1 week ago

Broadcom stock jumps 21%, hits four-year high on AI boom to top $1 trillion market value for first time

Live Mint  

Broadcom Inc. surged to a $1 trillion market valuation for the first time on Friday, December 13, after predicting a boom in demand for its artificial intelligence chips. The chip supplier for Apple Inc. and other big tech companies predicted sales of AI products would gain 65 per cent in the first quarter, far faster than its overall semiconductor growth …

Qualcomm’s Interest in Intel Takeover Cools: Report
3 months, 3 weeks ago

Qualcomm’s Interest in Intel Takeover Cools: Report

Deccan Chronicle  

Qualcomm’s interest in pursuing an acquisition of Intel has cooled, according to people familiar with the matter, upending what would have likely been one of the largest technology deals of all time. It’s always possible Qualcomm looks at pieces of Intel instead or rekindles its interest later, they added. It came just weeks after Intel communicated a bruising earnings report …

Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector
6 months ago

Qualcomm explores friendly takeover of Intel — Know more about potential transformational deal for chip sector

Live Mint  

Intel — once the world's largest chipmaker — might soon face a friendly takeover bid from Qualcomm. The company is headed toward its third consecutive year of shrinking sales with an estimated $52 billion revenue in 2024 — just 70% what it brought in back in 2021. A person in the know however told Bloomberg that CEO Pat Gelsinger still …

Qualcomm approached Intel about a takeover in recent days: Report
6 months ago

Qualcomm approached Intel about a takeover in recent days: Report

The Hindu  

Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Earlier this month, Reuters reported that Qualcomm explored the possibility of acquiring portions of Intel's design business to boost the company's product portfolio. Qualcomm had examined acquiring different pieces of Intel, which is struggling to generate …

Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK
1 year, 4 months ago

Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK

Associated Press  

SAN JOSE, California — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The acquisition was able to go ahead after China’s State Administration of Market Regulation said Broadcom’s commitments, submitted Monday, would reduce the impact of the merger. Broadcom …

Big tech deals keep coming: Broadcom buys VMware for $61B
2 years, 9 months ago

Big tech deals keep coming: Broadcom buys VMware for $61B

Associated Press  

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. Broadcom wants to establish a stronger foothold in the cloud computing market and VMware’s technology allows large corporations to blend public cloud access with internal …

Broadcom in talks to pay about $60 billion for VMware
2 years, 9 months ago

Broadcom in talks to pay about $60 billion for VMware

Live Mint  

Broadcom Inc. is in talks to pay around $60 billion for VMware Inc., people familiar with the matter said, in what would be one of the biggest takeover deals of the year. The VMware discussions, together with Elon Musk’s agreement late last month to buy Twitter Inc. for $44 billion, show that despite market volatility, major deals are still doable. …

Broadcom in advanced talks to buy VMware
2 years, 9 months ago

Broadcom in advanced talks to buy VMware

Live Mint  

Broadcom Inc. is in advanced talks to buy VMware Inc., according to people familiar with the matter, setting the stage for what would be one of the year’s biggest deals. The deal discussions, which picked up pace in recent days, come roughly six months after computing pioneer Dell Technologies Inc. spun off its 81% equity stake in VMware. VMware has …

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue
5 years, 4 months ago

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue

Firstpost  

Qualcomm’s revenue in the Q4 fell about 17 percent to $4.81 billion, but beat analysts’ estimates of $4.70 billion. Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5 percent in extended trading. The world’s biggest supplier of mobile phone chips expects between 1.75 …

Apple buys Intel’s smartphone modem division for $1 billion
5 years, 7 months ago

Apple buys Intel’s smartphone modem division for $1 billion

Associated Press  

SAN FRANCISCO — Apple is paying Intel $1 billion for the chip maker’s smartphone modem division in a deal driven by the upcoming transition to the next generation of wireless technology. Apple’s purchase of Intel’s smartphone modem patents and other technology could bolster its attempt to build its own line 5G chips and lessen its dependence on Qualcomm. “This is …

Apple to buy majority of Intel's modem chip business for $1 billion
5 years, 7 months ago

Apple to buy majority of Intel's modem chip business for $1 billion

Live Mint  

Apple Inc said on Thursday it would buy the majority of Intel Corp's smartphone modem business for $1 billion, months after the chipmaker announced plans to exit the 5G modem chip business. Apple will hold over 17,000 wireless technology patents and take on about 2,200 Intel employees after the completion of the deal, the iPhone maker said. Intel had positioned …

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report
5 years, 8 months ago

Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report

Firstpost  

A deal would expand Broadcom’s push into software a year after its $18.9 billion deal to buy US business software company CA Inc Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm, Symantec Corp, according to sources familiar with the matter, as Broadcom seeks to diversify beyond semiconductors. A deal would expand Broadcom’s push into software a year …

Qualcomm considers NXP Semiconductors acquisition matter as closed
6 years, 3 months ago

Qualcomm considers NXP Semiconductors acquisition matter as closed

Firstpost  

China was “open to approving the previously unapproved” deal for Qualcomm to acquire NXP. US smartphone chip manufacturer Qualcomm Inc considers the prospect of an acquisition of NXP Semiconductors as closed, the company said on Monday. “While we were grateful to learn of President Trump and President Xi’s comments about Qualcomm’s previously proposed acquisition of NXP, the deadline for that …

Broadcom successfully completes move back to the United States from Singapore
6 years, 11 months ago

Broadcom successfully completes move back to the United States from Singapore

Firstpost  

Broadcom, which was a U.S. company until it was bought in 2016 by Singapore’s Avago, had announced its plan to redomicile on 2 November. Broadcom Inc said on Wednesday it had completed its move back to the United States from Singapore, weeks after President Donald Trump blocked its $117 billion offer to buy Qualcomm Inc on national security grounds. Broadcom, …

Broadcom unlikely to slow down its acquisition of Qualcomm despite Trump blocking it for national security reasons
7 years ago

Broadcom unlikely to slow down its acquisition of Qualcomm despite Trump blocking it for national security reasons

Firstpost  

Most analysts assume Broadcom will now walk away from Qualcomm, with some flagging San Jose-based Xilinx Inc and Israel’s Mellanox Technologies. Broadcom Ltd Chief Executive Hock Tan is unlikely to slow his acquisition spree after U.S. President Donald Trump blocked the microchip maker’s $117 billion bid for Qualcomm Inc on national security grounds, analysts said on Tuesday. Most analysts assume …

Donald Trump blocks $150b Qualcomm takeover by Broadcom on national security grounds
7 years ago

Donald Trump blocks $150b Qualcomm takeover by Broadcom on national security grounds

ABC  

United States President Donald Trump has blocked the $US117 billion takeover of the nation's leading 5G mobile communications developer by Singapore-based technology giant Broadcom, citing national security fears. Key points: Donald Trump blocks the world's most expensive technology company takeover over on "national security" grounds Broadcom was attempting to buy the Qualcomm for $150 billion Mr Trump has already used …

Fear of China Scuttles Deal That Didn't Involve China
55 years, 2 months ago

Fear of China Scuttles Deal That Didn't Involve China

Wired  

President Donald Trump blocked Broadcom's proposed $105 billion acquisition of fellow wireless chip giant Qualcomm on Monday amidst mounting fears that US could fall behind China on technology innovation. And in November, Broadcom CEO Hock Tan announced that the company would move its main office back to the US---while standing next to Donald Trump during a press conference at the …

Donald Trump blocks Broadcom's proposed takeover of Qualcomm on grounds of national security
7 years ago

Donald Trump blocks Broadcom's proposed takeover of Qualcomm on grounds of national security

Firstpost  

San Diego-based Qualcomm has emerged as one of the biggest competitors to China’s Huawei Technologies Co in the sector, making Qualcomm a prized asset. US President Donald Trump on Monday blocked semiconductor maker Broadcom Ltd’s proposed takeover of Qualcomm on grounds of national security, ending what would have been the technology industry’s biggest deal ever. Qualcomm had earlier rebuffed Broadcom’s …

Qualcomm delays annual shareholder meet and a showdown with Broadcom after US national security panel steps in
7 years ago

Qualcomm delays annual shareholder meet and a showdown with Broadcom after US national security panel steps in

Firstpost  

Separately, Broadcom said the decision was the result of secret moves made by Qualcomm on 29 January to encourage an investigation into the proposed $117 billion buyout offer. A US national security panel on Sunday ordered Qualcomm to put off its 6 March annual shareholder meeting, delaying a long-awaited showdown in the company’s attempt to see off a takeover bid …

Qualcomm increases offer for NXP, cuts deal with holders
7 years, 1 month ago

Qualcomm increases offer for NXP, cuts deal with holders

Live Mint  

London/San Francisco: Qualcomm Inc. raised its offer for NXP Semiconductors NV and said it cut a deal with holders, in a bid to close a transaction that may be crucial to its own efforts to fend off a hostile approach by Broadcom Ltd. Qualcomm’s move may not end Broadcom’s attempt to purchase it though, according to Sanford C. Bernstein & …

Qualcomm should negotiate with Broadcom on a deal, ISS says
7 years, 1 month ago

Qualcomm should negotiate with Broadcom on a deal, ISS says

Live Mint  

San Francisco: Broadcom Ltd’s bid for Qualcomm Inc. is a good place to start negotiations between the two companies on what would be the biggest deal in the history of technology, according to Institutional Shareholder Services Inc. “Qualcomm’s optimistic vision of the future would likely resonate more effectively among shareholders if the company’s track record was more like that of …

Qualcomm rejects Broadcom's revised buyout offer of $121 billion and proposes a meeting to address the bid's deficiencies
7 years, 1 month ago

Qualcomm rejects Broadcom's revised buyout offer of $121 billion and proposes a meeting to address the bid's deficiencies

Firstpost  

Qualcomm’s response attempts to find balance between continued resistance to Broadcom’s takeover attempt and heeding the calls of some Qualcomm shareholders US semiconductor company Qualcomm Inc on 8 February rejected Broadcom Ltd’s revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid’s “serious deficiencies in value and certainty.” Qualcomm’s …

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report
7 years, 1 month ago

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report

Firstpost  

Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Broadcom Ltd plans to unveil a new approximately $120 billion offer for Qualcomm Inc on 5 February, aiming to ratchet up pressure on its US semiconductor peer to engage in negotiations, people familiar with the matter said on 4 …

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies
7 years, 3 months ago

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies

Firstpost  

Broadcom’s move came after Qualcomm rejected its $70 per share bid, saying the offer undervalued the company and would face regulatory hurdles. Broadcom Ltd on 6 December reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $103 billion bid for Qualcomm Inc hostile. Shares of Broadcom rose 5 percent in extended …

Qualcomm takes another shot at ending Intel PC stranglehold
7 years, 3 months ago

Qualcomm takes another shot at ending Intel PC stranglehold

Live Mint  

San Francisco: Qualcomm Inc. is taking another stab at breaking into the market for personal-computer processors with a range of new devices it says will stay connected and run all day on one battery charge. The slim machines will have wireless connections via mobile phone chips that ensure they’re always receiving data and sip battery power in a way that …

Broadcom said to be considering sweetened Qualcomm bid
7 years, 3 months ago

Broadcom said to be considering sweetened Qualcomm bid

Live Mint  

New York: Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc. by offering more of its own stock, following consultation with several of Qualcomm’s top shareholders, according to people familiar with the matter. Broadcom’s chief executive Hock Tan has stated he is open to launching a takeover battle and people in the know had previously said …

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight
7 years, 4 months ago

Qualcomm rejects Broadcom acquisition offer, setting up $103 billion proxy fight

Live Mint  

San Francisco: Qualcomm Inc. rejected Broadcom Ltd’s $105 billion acquisition offer, kicking off what would be the largest technology takeover battle in history. “It is the board’s unanimous belief that Broadcom’s proposal significantly undervalues Qualcomm relative to the company’s leadership position in mobile technology and our future growth prospects,” said Paul Jacobs, executive chairman and chairman of the board of …

Qualcomm plans to reject Broadcom's $103 billion buyout; says $70 per share bid undervalues the company
7 years, 4 months ago

Qualcomm plans to reject Broadcom's $103 billion buyout; says $70 per share bid undervalues the company

Firstpost  

Broadcom has also been deliberating the possibility of raising its bid for Qualcomm, including through more debt financing, some of the sources said, although it was not clear when Broadcom would choose to make such a move. US chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd’s $103 billion bid as early as this week, four people familiar …

Qualcomm Deal to Create Chip Giant Faces Long Odds
7 years, 4 months ago

Qualcomm Deal to Create Chip Giant Faces Long Odds

Wired  

Last week Hock Tan, CEO of the chipmaker Broadcom, joined President Donald Trump in the Oval Office for a major announcement: the company would move its headquarters from Singapore to the US. "It's hard for me to see how it could get approved from a regulatory standpoint because it would increase the power they have over their smartphone customers," says …

Deals Buzz: Broadcom offers $105 billion for Qualcomm, up to be largest tech deal
7 years, 4 months ago

Deals Buzz: Broadcom offers $105 billion for Qualcomm, up to be largest tech deal

Live Mint  

Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. Ltd, in a transaction that may rank among India’s largest renewable energy deals, reports Mint, citing multiple people aware of the development. Everstone Group agrees to buy Kenstar from Videocon associate firm Private equity firm Everstone Group has agreed to acquire Kenstar, a …

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal
7 years, 4 months ago

Broadcom offers to buy chip-maker Qualcomm in a $103 billion cash deal

Firstpost  

Qualcomm shareholders would get $60 in cash and $10 per share in Broadcom shares. Communications chipmaker Broadcom Ltd on 6 November said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever. Broadcom’s offer is at a premium of 27.6 percent …

Qualcomm reports 13.3 percent rise in revenue beating expectations
8 years, 4 months ago

Qualcomm reports 13.3 percent rise in revenue beating expectations

Firstpost  

Smartphone chipmaker Qualcomm Inc, which agreed to buy NXP Semiconductors NV for about $38 billion last week, reported a better-than-expected 13.3 percent rise in quarterly revenue, helped by strong demand, particularly in China. The San Diego-based company, which supplies chips to Android smartphone makers and Apple Inc, reported mobile chip shipments of 211 million for the quarter compared with its …

Dell Technologies Inc expected to cut around 2,000 jobs after acquiring EMC Corp
8 years, 6 months ago

Dell Technologies Inc expected to cut around 2,000 jobs after acquiring EMC Corp

Firstpost  

The billion dollar Dell EMC acquisition at $60 billion plus would establish Dell’s presence in the storage and cloud space but it comes at a price. American multinational Dell Technologies Inc has taken a big step forward by acquiring EMC Corporation, that sells data storage, information security, analytics and much more. The acquisition came at a price of $60 billion …

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