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Broadcom wants to buy Qualcomm for $130 billion

betanews Monday, 6 November 2017 ()
Broadcom today officially reveals that it wants to buy rival chip maker Qualcomm, in a deal that is currently valued at $130 billion. If Qualcomm accepts, this would be the most expensive acquisition in tech history. Broadcom says that it is willing to pay $70 per share, $60 in cash and the remaining $10 in Broadcom shares, which represents a "28 percent premium over the closing price" for Qualcomm shares on November 2. That is when rumors of the deal started. Throughout the day, Qualcomm shares traded between $53.86 and $54.84, based on information from Google Finance. At the time… [Continue Reading]
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News video: Broadcom Tries To Buy Qualcomm For $103 Billion

Broadcom Tries To Buy Qualcomm For $103 Billion 00:42

(Reuters) - Chip maker Broadcom Ltd on Monday announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion as it looks to boost its presence in the wireless market, setting the stage for what could be one of the biggest takeover battles. Qualcomm said it would review the proposal and act in...

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