Thursday, July 19, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Corning Gorilla Glass 6 Promises Improved Durability for Mobile Devices
Samsung's Foldable Phone Coming Next Year, WSJ Claims
Microsoft Could Release New Xbox Hardware Next Month
European Commission Fines Google $5 billion For Illegal Practices Regarding Android Devices
Sony Releases New SXRD Full HD Reflective LCD and Signal Processing Drive LSI for Portable Projectors
Roxio Toast 17 Adds MultiCam Editing
MediaTek Introduces New Helio A Series Chipset Family for Affordable Smartphones
IBM Backs Stronghold Digital Stable Coin
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.



Previous
Next
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
Broadcom to Buy CA Technologies for $18.9 Billion in Cash
Qualcomm QCC3026 Bluetooth Audio System-on-Chip Makes Wireless Earbuds Simpler to Design
New Qualcomm Snapdragon 632, 439 and 429 Mobile Platforms Deliver Performance and Power Efficiency to Mass Market Smartphone Segment
Apple Turns to the U.S. Patent Office to Invalidate Qualcomm Patents
Qualcomm-NXP Deal Yet to be Approved by China, Qualcomm Extends Tender Offer
China Approves Qualcomm's $43 Billion NXP Deal: report
Important Hearings to Determine Apple and Qualcomm's Legal Dispute
Qualcomm Announces Snapdragon 850 Platform for Windows 10 PCs
Qualcomm Reveals Dedicated Qualcomm Snapdragon XR1 Extended Reality
Qualcomm Snapdragon 710 Mobile Platform Brings Artificial Intelligence Features to a New Tier of Smartphones
Qualcomm Snapdragon XR1 SoC to be Dedicated to VR and AR Headsets
Qualcomm Mobile and Networking Chipsets to Integrate WPA3 Wi-Fi Security Standard

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 .