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A brief history of the epic battle over the fate of Qualcomm
The massive fight over the fate of Qualcomm, which chipmaker Broadcom seeks to acquire in the largest deal in technology effort, took another dramatic turn this afternoon when the Trump administration said it would block the deal. The move is another chapter in a long story, a culmination of a lot of consolidation activity in the semiconductor space and months over jockeying over whether or… Read More
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There’s a shakeup on Qualcomm’s board amid Broadcom’s hostile takeover attempts
Things have not been so rosy for Qualcomm over the past few months, whether you are looking at an ongoing legal dispute between the chipmaker and Apple or Broadcom’s aggressive attempts to acquire the company. Now, Qualcomm is saying its executive chairman, Dr. Paul E. Jacobs, will no longer serve as executive chairman for the company’s board of directors. He’s going to remain… Read More
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Qualcomm is pushing back its pivotal shareholder meeting this week amid a regulatory review
Massive chipmaker Qualcomm, currently targeted by aggressive acquisition attempts by Broadcom, is now delaying a pivotal meeting with shareholders this week that would determine its fate going forward by at least a month to comply with regulators regarding the deal. The CFIUS — the Committee on Foreign Investment in the United States — has requested that Qualcomm delay the… Read More
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Here’s the latest update on the very spicy beef between two massive chipmakers
Broadcom piles fresh pressure on Qualcomm to talk takeover
Last month Qualcomm rejected a $70 per share acquisition offer from Broadcom — but the rival chipmaker isn’t stepping away. Today it’s announced it’s nominated a slate of eleven directors for Qualcomm’s board. Qualcomm rejects Broadcom’s $70 per share takeover offer
A tale of two chip stocks
Broadcom confirmed this morning that it would offer to acquire Qualcomm in one of the largest tech deals of all time, and one that would consolidate two storied semiconductor companies into a single unit as the chip world has begun a course shift in the past year. But it’s as much a story of a potential consolidation as it is one of the performances of two companies. Read More
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Broadcom offers to acquire Qualcomm for $70 per share
Broadcom acquires Brocade in $5.9 billion deal
Broadcom, Ltd bought Brocade Communications Systems today for $5.9 billion, giving the company a strong offering in networking storage business. It’s quite a nice deal for Brocade shareholders, who gain a 47 percent premium over the $8.69 closing price last Friday night (October 28th). Under the terms of the deal, Broadcom will pay $12.75 per share. It’s an all-cash $5.5… Read More
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