Tuesday, November 7th 2017
Broadcom's Latest Qualcomm Buyout Bid is $105 Billion
Broadcom Monday made its latest bid for the acquisition of Qualcomm, with its offer standing at a staggering USD 105 billion, which is a mixture of cash and stock. The Broadcom+Qualcomm combine would become the world's third largest chipmaker, behind Intel and Samsung Electronics. Besides an undisclosed proportion of the bid being in cash, the company offered stock at $70 per share, which is a 28 percent premium over the stock's closing price on Monday. If it goes through, the Broadcom+Qualcomm deal would be the largest tech acquisition, dwarfing the $67 billion acquisition of EMC by Dell, in 2015.
6 Comments on Broadcom's Latest Qualcomm Buyout Bid is $105 Billion
That'll be almost all major players in embedded/wireless market.