Money Broadcom offers unsolicited bid of $105 billion for Qualcomm

17:39  07 november  2017
17:39  07 november  2017 Source:   The Washington Post

Apple could drop Qualcomm components in next year's iPhones, iPads: sources

  Apple could drop Qualcomm components in next year's iPhones, iPads: sources <p>Apple Inc has designed iPhones and iPads that would drop chips supplied by Qualcomm Inc, according to two people familiar with the matter.</p>The change would affect iPhones released in the fall of 2018, but Apple could still change course before then, these people said. They declined to be identified because they were not authorized to discuss the matter with the media.

Broadcom Offers $ 105 Billion for Qualcomm in Landmark Deal. Possible Rebuff. Qualcomm is preparing to fend off the unsolicited offer , arguing it undervalues the company, people familiar with the plans have said.

Broadcom Offers $ 105 Billion to Buy Qualcomm , Which Seems Likely to Decline. Broadcom ’s bid was unsolicited . Broadcom – a product of Avago’s billion takeover of Broadcom Inc. – seems to be testing the limits of its semiconductor ambitions.

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Broadcom Plans $100 Billion Qualcomm Deal to Build Chip Colossus

  Broadcom Plans $100 Billion Qualcomm Deal to Build Chip Colossus Broadcom Ltd. Chief Executive Officer Hock Tan is contemplating an audacious $100 billion bid for Qualcomm Inc., people familiar with the matter said, using what would be the largest technology takeover to build a powerhouse that dominates the market for wireless chips. An offer of about $70 a share would include cash and stock and is likely to be made in the coming days, said the people, who asked to remain anonymous discussing a private transaction that could still not come to fruition.Buying Qualcomm would transform Broadcom into the third-largest chipmaker, behind Intel Corp. and Samsung Electronics Co.

Chipmaker Broadcom made an unsolicited bid Monday worth about $ 105 billion for Qualcomm , kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry.

Broadcom on Monday said that it had proposed to acquire all of the outstanding shares of Qualcomm for $ 105 billion in total for cash and stock. Broadcom 's offer represents a 28% premium over the price of a Qualcomm share on November 2, 2017 In a bid to get Qualcomm , Broadcom will need

Chipmaker Broadcom made an unsolicited bid Monday worth about $105 billion for Qualcomm, kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry.

Broadcom offered $70 a share in cash and stock for Qualcomm, the world's largest maker of mobile phone chips. That's a 28 percent premium over the stock's closing price on Thursday, before Bloomberg News first reported talks of a deal. The proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt.

Buying Qualcomm would make Broadcom the third-largest chipmaker, behind Intel and Samsung Electronics. The combined business would instantly become the default provider of a set of components needed to build each of the  a man holding a sign: The Qualcomm campus in San Diego. The company is said to be preparing to fend off Broadcom’s unsolicited offer. © Mike Blake/Reuters The Qualcomm campus in San Diego. The company is said to be preparing to fend off Broadcom’s unsolicited offer. more than 1 billion smartphones sold every year. The deal would dwarf Dell's $67 billion acquisition of EMC in 2015 — then the biggest in the technology industry.

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Broadcom offers $ 105 billion for Qualcomm takeover as battle turns hostile. Qualcomm is preparing to fend off the unsolicited offer , arguing it undervalues the company, people familiar with the plans have said.

Chip maker Broadcom Ltd made an unsolicited 3 billion (£78 billion ) bid for Qualcomm Inc on Monday, setting the stage for a takeover battle that could reshape the industry at the heart of mobile The offer represents a premium of 27.6 percent to Qualcomm ’s closing price of .84 on Thursday.

"The combination of the two companies could generate strong synergies and create a dominant wireless business and overall powerful global semiconductor leader," said Mike Walkley, an analyst at Canaccord Genuity.

Qualcomm is preparing to fend off the unsolicited offer, arguing that it undervalues the company, people familiar with the plans have said. Qualcomm will argue that the proposal is an opportunistic move to buy the chipmaker on the cheap, the people said, and it is likely to recommend that shareholders reject it. In a statement Monday, Qualcomm said it would "assess the proposal in order to pursue the course of action that is in the best interests of Qualcomm shareholders."

Hock Tan, president and chief executive of Broadcom, is making a play for Qualcomm as the once-unstoppable chipmaker limps through a rare moment of weakness. Qualcomm's most profitable unit, which licenses mobile phone technology, is under assault from regulatory actions around the world and a legal challenge from Apple. 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. Meanwhile, Broadcom counts Apple among its largest customers.

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6, 2017, Broadcom made an unsolicited bid to buy Qualcomm in what would be the largest technology buyout ever. (Gregory Bull/AP). Broadcom offered about $ 105 billion for Qualcomm , kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the

With an offer of $ 105 billion (plus another billion to cover net debt), Broadcom ’s purchase of Qualcomm would Broadcom ’s unsolicited offer values each share of Qualcomm at , which Broadcom stated that it will honor its bid whether or not Qualcomm ’s current deal to buy NXP

The bid values Qualcomm at about 21.2 times earnings before interest, tax, depreciation and amortization, compared with a median multiple of 22.5 for similar deals in the industry, according to data compiled by Bloomberg.

Qualcomm shares rose more than 1 percent Monday. The stock closed up 13 percent Friday, valuing the company at $91 billion. Broadcom rose 5.5 percent Friday for a market value of $112 billion. Its shares gained about 1.4 percent Monday.

A Broadcom-Qualcomm tie-up may face intense regulatory scrutiny. The companies are independently among the top 10 providers of chips in an industry that's consolidating rapidly. Together, they would have tight control of the supply chain for WiFi and cellular modem chips, vital components in making phones.

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Qualcomm rejects Broadcom's $103 billion takeover bid .
Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103-billion takeover bid, saying the offer "dramatically" undervalued the U.S. company. Shares of Qualcomm were up, while those of Broadcom fell."After a comprehensive review, conducted in consultation with our financial and legal advisors, the Board has concluded that Broadcom's proposal dramatically undervalues Qualcomm and comes with significant regulatory uncertainty," Qualcomm's Presiding Director Tom Horton said in a statement.

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