US: NXP activist shareholder urges sweeter offer from Qualcomm

US: NXP activist shareholder urges sweeter offer from Qualcomm

Paul Singer’s activist hedge fund has called on Qualcomm to increase its “insufficient” offer for Dutch chipmaker NXP Semiconductors, a move that could indirectly help the US company fend off a separate US$130 billion hostile takeover bid by rival Broadcom. Elliott Advisors, the UK arm of Mr Singer’s fund, said on Monday, December 11, that […]

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 […]

EU: Qualcomm-NXP ruling may be held in 2018

EU: Qualcomm-NXP ruling may be held in 2018

The European Union’s competition watchdog may not decide on the fate of Qualcomm Inc.’s US$38 billion buyout of NXP Semiconductors NV until next year, according to comments made Wednesday, November 15, by European Commissioner for Competition Margrethe Vestager. People familiar with the matter told Reuters in October that Qualcomm has offered to buy NXP without […]

US: Qualcomm rejects Broadcom’s US$105 b takeover attempt

US: Qualcomm rejects Broadcom’s US$105 b takeover attempt

Qualcomm has firmly rejected Broadcom’s unsolicited offer to acquire the company, deeming the US$130 billion offered as a “significant undervaluation.” Last week, Broadcom offered to acquire Qualcomm in a deal worth US$130 billion, including debt, which would equate to US$70 per share in cash and Broadcom stock for shareholders. Broadcom said there are “compelling financial […]

China: Qualcomm inks US$12b deal to supply top Chinese smartphone makers?

China: Qualcomm inks US$12b deal to supply top Chinese smartphone makers?

Qualcomm says it has struck a deal, of sorts, with four major smartphone vendors in China that could possibly be worth US$12 billion. The chip designer says the non-binding “memorandum of understanding” agreements will bring Xiaomi, Guangdong OPPO, and Vivo Communications to the table in an attempt to hammer out licensing deals to use Qualcomm […]

US: Apple-Qualcomm US$1b lawsuit dismissed

US: Apple-Qualcomm US$1b lawsuit dismissed

Qualcomm and Apple’s US$1 billion battle has ended in a mixed ruling, with a US judge granting Qualcomm’s motion to dismiss, but granted Apple’s motion to dismiss counterclaims of unfair competition. In January, Apple sued Qualcomm in the US District Court for the Southern District of California for unfairly insisting on charging royalties for “technologies […]

US: FTC and Qualcomm granted access to Nokia docs in antitrust suits

The Federal Trade Commission (FTC) and a putative class of cellphone purchasers asked a California federal court to request help from the Finnish government in securing documents from Nokia in parallel litigations over Qualcomm’s patent licensing practices, a day after Qualcomm made a similar request for its defense. According to Law360 on Monday, November 6, […]

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 […]

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