Monday, 19 November 2018

Broadcom makes $103bn bid for Qualcomm

By Nick Wood, Total Telecom
Monday 06 November 17

Unsolicited cash and stock offer has potential to create $51 billion chip behemoth

Broadcom on Monday launched a $103 billion unsolicited bid for rival chip maker Qualcomm, in what could be the largest tech merger in history. The offer comprises $60 cash and $10 of Broadcom stock per Qualcomm share, which represents a 28% premium on the latter's closing price on 2 November, the last trading day before rumours of the bid emerged. Broadcom's proposed transaction is valued at $130 billion on a pro forma basis…

Broadcom on Monday launched a $103 billion unsolicited bid for rival chip maker Qualcomm, in what could be the largest tech merger in history. The offer comprises $60 cash and $10 of Broadcom stock per Qualcomm share, which represents a 28% premium on the latter's closing price on 2 November, the last trading day before rumours of the bid emerged. Broadcom's proposed transaction is valued at $130 billion on a pro forma basis…

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