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 […]

US: Broadcom sizing up Qualcomm

US: Broadcom sizing up Qualcomm

On Sunday, November 5, the Financial Times reported that Broadcom CEO Broadcom CEO Hock Tan is preparing a US$100 billion unsolicited bid to acquire rival chip maker Qualcomm. Shares of both companies jumped that same day after the report was released; Qualcomm by 12.7% and Broadcom by 5.5%. The news was released the same day […]

US: Broadcom again delays takeover of Brocade

US: Broadcom again delays takeover of Brocade

Broadcom has again delayed the closing of its planned takeover of Brocade, as it awaits clearance by US regulators. The deal is now expected to close on November 30. Broadcom said talks with the Committee on Foreign Investment in the United States (CFIUS) have resulted in the group withdrawing its application for merger clearance to […]

US: Broadcom wins antitrust consent to buy Brocade with conditions

US: Broadcom wins antitrust consent to buy Brocade with conditions

On Monday the US Federal Trade Commission (FTC) announced that Chipmaker Broadcom has received US antitrust approval to buy Brocade Communications Systems. The buyout had already received approval in Europe and Japan earlier this year. The US$5.5 billion deal is the latest in the chip industry as companies bulk up in response to growing demand for […]