Sunday, March 18, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Suspends Data Analytics Firm Which Worked on the Trump Presidential Campaign
Standalone Oculus Go Headset Could Debut Next Month
Qualcomm Director Paul Jacobs to Exit Qualcomm Board
Samsung Galaxy S9 and S9+ Go On Sale
Samsung in Talks With Boeing to Bring Mobile Tech To Planes
Samsung's Galaxy S9 Said to Use Chinese Optical Parts
Facebook Lite to Come in the U.S. and Elsewhere
Android Wear Becomes Wear OS by Google
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

Wednesday, February 21, 2018
Broadcom Lowers Offer for Qualcomm

Broadcom is lowering its offer to buy Qualcomm after the target company boosted its own bid for NXP Semiconductors NV.

Broadcom is now offering $79 per Qualcomm share, down from the bid of $82 it submitted earlier this month. On Tuesday, Qualcomm said it would pay $127.50 a share for NXP, 16 percent above its previous offer. Soon after, Broadcom said Qualcomm's new bid was too high and showed a "disregard" for Qualcomm shareholders.

Qualcomm has rejected Broadcom's approaches.

Qualcomm raised its NXP bid to secure support from activist investors who have piled into NXP and demanded a higher sale price.

In a statement Wednesday, Broadcom said all other terms of the proposed deal were unchanged. But the company said that if Qualcomm is unable to complete the NXP acquisition that it would revert to its previous bid of $82 per Qualcomm share.

In response to Broadcom's reduced proposal, Qualcomm said the following:

"Broadcom's reduced proposal has made an inadequate offer even worse despite the clear increase in value to Qualcomm stockholders from providing certainty around the NXP acquisition. Broadcom has refused and continues to refuse to engage with Qualcomm on price.

Broadcom's revised $79.00 per share proposal materially undervalues Qualcomm, fails to take into account the strategic and financial benefits of acquiring NXP, and continues to face a long and highly uncertain path to regulatory approvals."

Qualcomm added that the acquisition of NXP Semiconductors will be 40% accretive to the company's Non-GAAP results, enable the company to accelerate its growth strategy, and provides stockholders greater certainty around Qualcomm's fiscal 2019 Non-GAAP EPS commitment of $6.75-$7.50, which includes $1.50 per share of accretion from NXP.

Qualcomm Announces New Snapdragon 845 Mobile VR Reference Design, Qualcomm TrueWireless Stereo Technology        All News        Fujitsu Releases with the new 2 in 1 Tablet STYLISTIC Q738
Qualcomm Announces New Snapdragon 845 Mobile VR Reference Design, Qualcomm TrueWireless Stereo Technology     Mobiles News      Say Hello to Google Pay

Get RSS feed Easy Print E-Mail this Message

Related News
Qualcomm Director Paul Jacobs to Exit Qualcomm Board
Broadcom Withdraws Offer to Buy Qualcomm After Trump Veto
President Trump Blocks Proposed Takeover of Qualcomm by Broadcom
Broadcom to Redomicile to U.S. by April 3
Buying Broadcom Could be an Option for Intel, If Qualcomm Deal Fail
Broadcom and ST Chips Power the new Galaxy S9: Teardown
Broadcom Committed to Security, 5G Leadership
Broadcom Pledges to Make the U.S. the Global Leader in 5G After Qualcomm Acquisition
Qualcomm Shareholder Meeting Postponed as US Will Examine Broadcom's Offer
MWC: New Qualcomm Snapdragon 700 Mobile Platform Brings AI features to Affordable Smartphones
Qualcomm Admits It's All About Money in Broadcom Offer
Samsung and Qualcomm Expand Foundry Cooperation on EUV Process Technology

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 .