• Home
  • About Us
  • Privacy
  • Site Map

Ancient-Origine

  • Economy
  • Culture&Arts
  • Technology
  • Sci-tech
  • Sports
  • Global Media
  • Medicine
  • USA

Qualcomm to reject Broadcom's huge $103 billion takeover bid

  • by Shawn Tate
  • in Economy
  • — Nov 13, 2017
Share:

Broadcom said there are "compelling financial benefits" to such a deal and Qualcomm's portfolio and global market reach would be complementary to Broadcom's business.

Reuters reports Qualcomm CEO Steven Mollenkopf will consult with his board of directors and select shareholders to essentially say that the offer is too low.

"It is the Board's unanimous belief that Broadcom's proposal significantly undervalues Qualcomm relative to the company's leadership position in mobile technology and our future growth prospects", said Paul Jacobs, executive chairman and chairman of the board of Qualcomm, in a statement. Apparently, it is considering raising its bid, but also wants to submit its own selection of directors for Qualcomm's board.

FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. Qualcomm and Broadcom did not immediately respond to requests for comment. Broadcom has indicated it is willing to acquire Qualcomm irrespective of whether it closes the NXP deal.

Meanwhile, Broadcom's shares have surged almost 50 percent in the past 12 months as it completed the Broadcom/Avago Technologies acquisition, paid down debt and increased revenue and profitability.

Qualcomm provides chips to carrier networks to deliver broadband and mobile data.

A sale to Broadcom would also need a nod from the antitrust officials, who are still considering Qualcomm's purchase of NXP.

Share:

IN CASE YOU MISSED IT

  • Golmaal Again is a blockbuster hit, crosses 200 crore mark!
  • More to come from Ruben Loftus-Cheek - Eric Dier
  • Samsung Galaxy A5 (2018) gets FCC nod; mid-range Android phone launch imminent
  • YOU MAY ALSO LIKE...

    • SC holds Anil Ambani guilty of contempt; orders RCom to pay Ericsson 2/20/2019
    • EuroMillions winners REVEALED: Six sisters win £153m National Lottery jackpot 2/20/2019
    • Theresa May heads to Brussels for Brexit taks with EU's Juncker 2/20/2019
    • Baby Boy Is Born on JetBlue Flight 2/20/2019
    • 'Guardianship' Gone Digital: Google & Apple Under Fire For Saudi Monitoring App 2/20/2019
    • Payless to close all US stores 2/19/2019
    • Venezuelan oil finds home in India as United States shuns shipments 2/19/2019
    • Honda to announce United Kingdom plant closure ahead of Brexit 2/19/2019
    • RBI decides to pay Centre interim dividend of Rs 28,000 crore 2/18/2019
    • Payless ShoeSource reportedly set to close all its USA stores 2/18/2019

RELATED NEWS

Xbox One X first week sales equal those of Nintendo Switch
Well, the answer there remains in the negative - Xbox One X runs within a very similar 50-60fps window to the Pro version.
11/13/2017

Moto X4 With Dual Cameras & Moto Key Launched In India At ₹20999
The handset gets the Qualcomm Snapdragon 630 SoC for number crunching and as mentioned earlier, comes in 3GB and 4GB RAM versions. The Motorola Moto X4 is priced at Rs. 20,999 for 3GB+32GB variant, where as the 4GB+64GB variant comes at Rs. 22,999 in India.
11/13/2017

Shark Dating Back to 800 Million Years Found Swimming Offcoast of Portugal
Portuguese scientists have captured what they believe to be "a shark from the age of dinosaurs " off the Algarve coast. The ultra-rare frilled shark species has over 300 teeth and jaws, like that of a predator and a snake-like body.
11/13/2017

Android 8.1 Oreo will save space by reducing size of inactive apps
If the developer gets the email, they only have 30 days to justify the user of the Accessibility Services for the app in question. That's a bummer for fans of apps like LastPass , Tasker , Cerberus and Universal Copy , all of which use the aforementioned API.
11/13/2017

Now the Pixel 2 XL has an unresponsive screen issue
Brandon Jones and Trey Perry posted videos showing that touches to the edge of each unit's display don't register. However, tapping on the edges is not always detected by the handset.
11/13/2017

Salman Khan treats fans with guns and glory
Actress Jacqueline Fernandez is overjoyed to reunite and work with Remo D'Souza and superstar Salman Khan . "15th June, 2018. He has dropped his rugged look and a heavy stubble for the role of Tiger and has upped his style quotient for his Race 3 .
11/13/2017

Seoul-Beijing detente on THAAD is win-win for China: 38 North
The Chinese leader also encouraged South Korea to resume dialogue with North Korea and re-engage with them for reconciliation and de-nuclearisation.
11/13/2017

Is Neymar far From Happy at PSG?
'In the end, there are still many more guys who can do a good job and I am delighted with the people there. I have no problem with PSG, what bothers me is the pressure of the press.
11/13/2017

Jazz C Rudy Gobert out 4-6 weeks
Closing out the night, the struggling Oklahoma City Thunder will try to get back on track against the lowly Dallas Mavericks . Dion Waiters took exception to that comment. "I've never been a dirty player in my life", Waiters said.
11/13/2017

Nazanin Zaghari-Ratcliffe rocked by breast cancer fears in prison
The British-Iranian was visiting family in Iran, but is being held on accusations of spying and spreading propaganda. She had previously had been given an inconclusive mammography by the in-prison gynaecologist.
11/13/2017

ISIS: Philippine President thanks Russian Federation for timely assistance
Roque reiterated that Duterte "will refuse to pursue any talks relating to a domestic issue such as on his war on drugs". Duterte's spokesman Harry Roque told CNN affiliate CNN Philippines in a text: "I think it was in jest".
11/13/2017

Vodafone, Idea Cellular sell towers to ATC for INR 78.5 billion
Idea Cellular's revenue from operations dropped 19.72 per cent to Rs 7,465.5 crore in the quarter under review. The assets include around 20,000 towers around India with a combined tenancy ratio of 1.65x at the end of June.
11/13/2017

Apple Is Working on 2018 iPad Redesign With Facial Recognition
Bkav says that it had created a fake mask that is made up of different materials meant for the different parts of the face. Bkav has yet to release the technical details of the hacking proof-of-concept.
11/13/2017

Instant Analysis: Bucs hang on for a crucial win vs. Jets
Jets quarterback Josh McCown gets tripped up by Buccaneers linebacker Kwon Alexander on Sunday, Nov. 12, 2017, in Tampa, Fla. Fitzpatrick led a seven-minute drive that produced a field goal that gave the Buccaneers the lead in the first quarter.
11/13/2017

Chevrolet Corvette ZR1 debuts with 6.2L V8, makes 755 HP
The driver-focused, well-appointed cockpit includes standard leather-trimmed seats, with sueded microfiber inserts offered. Chevrolet didn't go into specifics but confirmed the model has a top speed in excess of 210 miles per hour (337 km/h).
11/13/2017

    • Top picks

      • Renault to scrap Ghosn's 30 million euro golden parachute2/15/2019
      • Amazon acquires Eero, maker of mesh Wi-Fi routers2/15/2019
      • Ocasio-Cortez shocked to learn lobbyists pay others to stand in line2/15/2019
      • 3 on Delta flight sent to hospital after turbulence forces emergency landing2/15/2019
    • Weekly News

      • Trump weighs extending China tariff deadline by 60 days2/15/2019
      • J.P. Morgan Is Launching Its Own Cryptocurrency2/15/2019
      • Amazon to New York City: Drop Dead2/14/2019
      • Amazon is acquiring WiFi router company Eero2/14/2019
    • Latest News

      • Flights cancelled as Flybmi airline collapses - Flybe move to stop confusion2/18/2019
      • United Kingdom concludes using Huawei in 5G is a manageable risk, report says2/18/2019
      • Crude hits 2019 high above $652/18/2019
      • Payless to close all shoe stores, report says2/18/2019
    • Home
    • About Us
    • Privacy
    • Site Map

    Wednesday 20 February 2019

    © 2019 Ancient-Origine. ALL RIGHTS RESERVED.