EU: Broadcom gets antitrust approval for CA Technologies deal

EU: Broadcom gets antitrust approval for CA Technologies deal

On Friday, October 12, chipmaker Broadcom announced it has obtained antitrust clearance from the European Union for its US$19 billion deal to acquire software company CA Technologies, reported Reuters. Broadcom had on Wednesday stated that a memo, purportedly signed by the US Department of Defense and circulated among lawmakers calling for a review of the […]

US: Broadcom gets green light for CA Technologies buy

US: Broadcom gets green light for CA Technologies buy

Broadcom said that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired with respect to the proposed acquisition of CA Technologies (CA). Expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending transaction, which was announced on July 11, […]

US: Broadcom to acquire CA Technologies for US$18.9b

US: Broadcom to acquire CA Technologies for US$18.9b

Broadcom and CA Technologies on Wednesday, August 15, announced that Broadcom has agreed to acquire the enterprise technology company for US$18.9 billion in cash. The acquisition represents a strategic win for Broadcom, furthering its mission to acquire “mission critical technology businesses,” following its failed takeover bid for rival Qualcomm. CA Technologies, which manufactures cloud-based and […]

EU: Qualcomm, Broadcom tie up worries Europe

EU: Qualcomm, Broadcom tie up worries Europe

Chipmaker Broadcom’s proposed $142bn hostile takeover of Qualcomm has given European lawmakers some reservations over data protection implications for EU citizens, reported the Financial Times. Recently Qualcomm secured a $44bn agreement to buy NXP, a Dutch group that makes chips for German passports, and European officials are uncomfortable with Broadcom having access to such information. […]

US: Broadcom could redomicile to the US soon

US: Broadcom could redomicile to the US soon

A report from Reuters has cited sources as saying that chipmaker Broadcom could be redomiciled to the US as early as May. Broadcom was originally founded in Irvine, California in 1991, but was later sold to Avago, which is incorporated in Singapore. Officials at Broadcom announced in November 2017 that the company would be moving […]

US: Qualcomm agrees to negotiate with Broadcom

US: Qualcomm agrees to negotiate with Broadcom

Qualcomm has said it will engage in negotiations with Broadcom, the clearest indication by the San Diego-based chipmaker that it is open to a potential takeover, reported CNBC. After a meeting between executives from both companies on Friday, February 23, Qualcomm Chairman Paul E. Jacobs sent a letter to his rival, Hock Tan, published Monday, […]

US: Qualcomm boosts NXP bid as it resists Broadcom takeover

US: Qualcomm boosts NXP bid as it resists Broadcom takeover

Qualcomm has boosted its bid for Dutch rival NXP Semiconductors, an increase that comes as the chipmaker faces a hostile takeover attempt by Broadcom, another technology giant. Qualcomm said it would pay US$127.50 a share for NXP, up from an earlier offer of US$110, and reduced its threshold requirement on shareholder support from 80% to […]

US: Broadcom pitches new board to Qualcomm shareholders

US: Broadcom pitches new board to Qualcomm shareholders

Chipmaker Broadcom took its first formal step on Monday, December 4, toward a hostile bid to take over Qualcomm, unveiling nominees whom Qualcomm shareholders can vote on to replace the US semiconductor company’s board of directors, according to people familiar with the matter. Broadcom’s move comes after Qualcomm rejected its US$103 billion cash-and-stock bid last month. […]

US/Japan: Broadcom rumored to consider sweetened Qualcomm bid

US/Japan: Broadcom rumored to consider sweetened Qualcomm bid

Chipmaker Broadcom is considering raising its offer to buy rival Qualcomm by offering more of its own stock, following consultation with several of Qualcomm’s top shareholders, according to people familiar with the matter. While the timing of the new offer is uncertain, Broadcom’s bid preparations indicate that it is planning to apply pressure on Qualcomm […]

US: Qualcomm bracing for $100b fight with Broadcom

US: Qualcomm bracing for $100b fight with Broadcom

Qualcomm is preparing to fend off an unsolicited US$100 billion takeover bid from Broadcom Ltd, arguing it undervalues the company, people familiar with the plans said, according to the Financial Times. Broadcom is preparing a US$70-a-share offer for Qualcomm, which could come as soon as Monday, November 6, said the people, who asked not to […]