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 by Broadcom. The Committee on Foreign Investment in the United States, which has the power to stop deals that could harm national security, asked Qualcomm to postpone the annual meeting and election of directors by 30 days. However, the pre-deal discussions by CFIUS — which are extremely rare — suggest Broadcom’s plans to move its headquarters may not be enough to sidestep a national security review that could threaten the deal.

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History of this topic

Qualcomm approached Intel about a takeover in recent days: Report
6 months, 1 week 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 …

Qualcomm's Acquisition of Israeli Chipmaker Autotalks To Face US FTC Probe: Report
1 year, 7 months ago

Qualcomm's Acquisition of Israeli Chipmaker Autotalks To Face US FTC Probe: Report

ABP News  

An imminent in-depth inquiry by the US Federal Trade Commission into Qualcomm's purchase of Autotalks, an Israeli auto-chip manufacturer, is on the horizon, according to exclusive information from Politico insiders. The move comes after Qualcomm's announcement in May of its intention to acquire Autotalks Ltd, a key player in the development of crash-prevention chips for vehicles. The core expertise of …

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 …

China resumes its review of Qualcomm's $44 billion takeover bid of NXP Semiconductor: Bloomberg
6 years, 10 months ago

China resumes its review of Qualcomm's $44 billion takeover bid of NXP Semiconductor: Bloomberg

Firstpost  

China’s commerce ministry has been asked to speed up the review of the deal and Qualcomm’s proposed remedies to protect local companies. China has resumed its review of US chipmaker Qualcomm Inc’s proposed $44 billion takeovers of NXP Semiconductors NV, Bloomberg reported on Monday, citing unidentified sources. China’s commerce ministry has been asked to speed up the review of the …

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 …

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 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 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 …

Broadcom said to be considering sweetened Qualcomm bid
7 years, 4 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 …

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 $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 …

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