While the value of the proposed bid has yet to be made public it is expected that the offer will be in the range of around $70 to $80 per share, valuing Qualcomm at over $100billion. In part this might be inspired by Qualcomm's pending release of the Centriq family of processors seeing as how Broadcom cancelled their ARM based server chip development earlier this year.
Qualcomm is preparing to fend off the unsolicited offer, arguing it undervalues the company, people familiar with the plans have said.
Reports claim the merger between Broadcom and Qualcomm would create a company with a market capitalisation of more than $200 billion and would be one of the biggest takeovers in technology sector history. The proposed transaction would be valued at approximately $130 billion, including $25 billion of net debt. Here's a wrap of what they've said so far. "We would not make this offer if we were not confident that our common global customers would embrace the proposed combination", said Tan in a press statement. In other words, don't expect this deal to close anytime in the near future. We think NXP would also fit in reasonably well under the Broadcom umbrella, but we're surprised that Qualcomm's cash hoard isn't a requirement to fund Broadcom's bid.
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His communications director released a statement, saying the senator was "blind-sided" by his attacker. A man has been arrested and charged with assaulting and injuring U.S.
The acquisition would be the largest-ever in the technology industry.
"We are positive on the potential of this acquisition as it would bring in complementary cellular products and cost synergies, leading to immediate earnings per share accretion".
According to a report from Bloomberg, chipmaker Broadcom is launching an ambitious campaign to acquire Qualcomm, best known as the default System on a Chip (SoC) and cellular modem vendor in most smartphones. There are now 10 buys, 16 holds and no sells on Qualcomm, with an average price target of $61.74, according to data compiled by Bloomberg.
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