Tuesday, September 25, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Search Gets New Features, More Visual and Personalized Information
Apple Completes Acquisition of Shazam
Snapchat Introduces Visual Search For Amazon Products
Apple macOS Mojave Update Brings Dark Mode, Stacks, New Apps, a Redesigned Mac App Store and More
Microsoft Focuses on Security and Brings AI to the Masses at Ignite 2018
Apple and Salesforce to Bring Siri to Business Apps
Surface Hub 2S and Hub 2X Coming in The Next Couple of Years
T-Mobile Revamps MetroPCs
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Broadco...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, November 06, 2017
Broadcom Proposes to Acquire Qualcomm $130 Billion


Broadcom offered $130 billion for Qualcomm, kicking off an ambitious attempt at the largest technology takeover ever in a deal that would shake up the electronics industry.

Broadcom proposes to buy $70.00 per share in cash and stock for Qualcomm, a 28 percent premium for the world's largest maker of mobile phone chips as of the stock's closing price on Nov. 2, the last unaffected trading day prior to media speculation regarding a potential transaction, and a premium of 33% to Qualcomm's unaffected 30-day volume-weighted average price. The Broadcom proposal stands whether Qualcomm's pending acquisition of NXP Semiconductors N.V. (NXP) is consummated on the currently disclosed terms of $110 per NXP share or the transaction is terminated. The proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt, giving effect to Qualcomm's pending acquisition of NXP on its currently disclosed terms.

Qualcomm said it would review the proposal and act in the best interests of its shareholders. The company is inclined to reject the bid as too low and fraught with risk that regulators would reject it or take too long to approve it.

"Broadcom's proposal is compelling for stockholders and stakeholders in both companies. Our proposal provides Qualcomm stockholders with a substantial and immediate premium in cash for their shares, as well as the opportunity to participate in the upside potential of the combined company," said Hock Tan, President and Chief Executive Officer of Broadcom. "This complementary transaction will position the combined company as a global communications leader with an impressive portfolio of technologies and products. We would not make this offer if we were not confident that our common global customers would embrace the proposed combination. With greater scale and broader product diversification, the combined company will be positioned to deliver more advanced semiconductor solutions for our global customers and drive enhanced stockholder value."

Tan continued, "Following the combination, Qualcomm will be best positioned to build on its legacy of innovation and invention. Given the common strengths of our businesses and our shared heritage of, and continued focus on, technology innovation, we are confident we can quickly realize the benefits of this compelling transaction for all stakeholders. Importantly, we believe that Qualcomm and Broadcom employees will benefit from substantial opportunities for growth and development as part of a larger company."

Broadcom's proposal was unanimously approved by the Board of Directors of Broadcom. Broadcom is prepared to engage immediately in discussions with Qualcomm to work toward a mutually acceptable definitive agreement.

Broadcom expects that the proposed transaction would be completed within approximately 12 months following the signing of a definitive agreement.

A tie-up would combine two of the largest makers of wireless communications chips for mobile phones and raise the stakes for Intel, which has been diversifying into smartphone technology from its stronghold in computers.



Previous
Next
Intel to Add AMD Radeon Graphics to New Laptop Processor        All News        Huawei, Oppo and Vivo Continue to Lead the China Smartphone Market
Supreme Court Rejects Samsung Appeal in Apple Patent Case     Mobiles News      Huawei, Oppo and Vivo Continue to Lead the China Smartphone Market

Get RSS feed Easy Print E-Mail this Message

Related News
Qualcomm Snapdragon Wear 3100 Platform Supports New Ultra-Low Power System Architecture for Smartwatches
Qualcomm and Ericsson Conduct 3GPP-compliant 5G NR mmWave OTA Call with a Mobile Form Factor Device
Broadcom to Ship Fully Compliant 802.11ax Wi-Fi Access Point SoC in Volume
Qualcomm's New aptX Adaptive Designed to Bring Dynamic Wireless Audio to Gaming, Video and Music
Qualcomm and China's Datang Demonstrate First Multi-Chipset Vendor C-V2X Direct Communication Interoperability
Qualcomm Starts Sampling 7nm Mobile SoC
Broadcom to Design 7-nm AI processor For Wave: report
Qualcomm Officially Ends $44 billion NXP Bid
Qualcomm to Scrap NXP Deal
DARPA to Work With Nvidia, Qualcomm, IBM and Intel on Post-Moore's-law Projects
Qualcomm Delivers 5G NR mmWave and Sub-6 GHz RF Modules for Smartphones
EU to Probe Qualcomm Over Pricing Case

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .