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Broadcom announced that it put a deal worth of $130billion on the table. It offered $60 in cash and $10.0 per share in Broadcom shares for Qualcomm shares.

It is not clear whether Qualcomm will engage with Broadcom in talks about the proposal or fight against the suggested takeover.


 

In a short statement regarding the Broadcom offer, Qualcomm simply said that it would “assess the proposal in order to pursue the course of action that is in the best interests of Qualcomm shareholders,” Qualcomm won’t comment further until after the assessment.

 

Broadcom indicated that it would maintain its offer, regardless of the outcome of Qualcomm’s ongoing efforts to acquire NXP Semiconductors, a major player in global automotive semiconductors. Qualcomm made a$38 billion bid for Dutch company NXP last month.

 

 

Bloomberg reports on some chitter- chatter from behind the scenes. It says that Qualcomm is not that likely to accept this first offer from Broadcom. The argument might be that Qualcomm shares are currently undervalued, due in part to the nasty legal battle with Apple.





"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997













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