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Broadcom News

Broadcom promises not to sell national security assets to foreign players if Qualcomm takeover deal is approved
News & Analysis

Broadcom promises not to sell national security assets to foreign players if Qualcomm takeover deal is approved

Broadcom’s $117 billion bid for Qualcomm has warped into a complex fight over regulatory approvals, security nerves about China’s influence

US security panel sees risk related to its relations with foreign entities in Broadcom's bid for chipmaker Qualcomm Inc
News & Analysis

US security panel sees risk related to its relations with foreign entities in Broadcom's bid for chipmaker Qualcomm Inc

Shares of Qualcomm slid 3 percent on growing investor concern that such government scrutiny, unusual for a deal that has not yet been agreed, would scupper any takeover by Broadcom.

Qualcomm delays annual shareholder meet and a showdown with Broadcom after US national security panel steps in
News & Analysis

Qualcomm delays annual shareholder meet and a showdown with Broadcom after US national security panel steps in

Separately, Broadcom said the decision was the result of secret moves made by Qualcomm on 29 January to encourage an investigation into the proposed $117 billion buyout offer.

National security panel looking into Broadcom's acquistion deal of Qualcomm: Sources
News & Analysis

National security panel looking into Broadcom's acquistion deal of Qualcomm: Sources

Broadcom, which is based in Singapore, struggled to win CFIUS approval to buy Brocade Communications Systems late last year.

Qualcomm's raised offer to buy NXP Semiconductors now has backing from Elliott Management
News & Analysis

Qualcomm's raised offer to buy NXP Semiconductors now has backing from Elliott Management

Qualcomm said it needs to buy a minimum 70 percent of NXP’s outstanding shares, instead of the 80 percent required in the earlier agreement.

Qualcomm says that it is ready to discuss a better buyout offer from rival Broadcom
News & Analysis

Qualcomm says that it is ready to discuss a better buyout offer from rival Broadcom

Qualcomm said it had a “constructive” meeting with Broadcom on 14 February, the first time the two companies met to discuss the existing $121 billion offer.

Qualcomm warns of potential antitrust issues and lost customers if Broadcom's revised deal proceeds
India

Qualcomm warns of potential antitrust issues and lost customers if Broadcom's revised deal proceeds

Two customers worth more than $1 billion annually in chip sales told Qualcomm they were likely to move away from the company if the Broadcom deal went ahead

Qualcomm rejects Broadcom's revised buyout offer of $121 billion and proposes a meeting to address the bid's deficiencies
News & Analysis

Qualcomm rejects Broadcom's revised buyout offer of $121 billion and proposes a meeting to address the bid's deficiencies

Qualcomm’s response attempts to find balance between continued resistance to Broadcom’s takeover attempt and heeding the calls of some Qualcomm shareholders

Broadcom submits what it claims to be its 'final' bid to takeover Qualcomm: $121 billion
News & Analysis

Broadcom submits what it claims to be its 'final' bid to takeover Qualcomm: $121 billion

Hoping to unseat Qualcomm's entire board, Broadcom raised the stakes a month before Qualcomm's annual shareholder meeting, the New York Times reported.

Qualcomm stocks take a hit as report emerge that Apple is planning to use Intel chips for iPhones
News & Analysis

Qualcomm stocks take a hit as report emerge that Apple is planning to use Intel chips for iPhones

Analysts at KGI Securities said Intel's modem chips were less expensive than Qualcomm chips and also met Apple's standards, according to website 9to5Mac.

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report
News & Analysis

Broadcom hopes to raise the Qualcomm Inc acquisition offer to $120 billion: Report

Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources.

Qualcomm tightens its licensing practices after amending patent deal with Samsung
News & Analysis

Qualcomm tightens its licensing practices after amending patent deal with Samsung

Qualcomm, said it has amended its patent licensing Samsung Electronics Co Ltd, the world’s No. 1 mobile handset maker.

Qualcomm earnings report beats revenue expectations as demand for its chips surges
News & Analysis

Qualcomm earnings report beats revenue expectations as demand for its chips surges

Apple sued Qualcomm last January, accusing it of overcharging for chips and refusing to pay some $1 billion in promised rebates.

Broadcom's engagement in anti competitive practices being investigated by US Federal Trade Commission
News & Analysis

Broadcom's engagement in anti competitive practices being investigated by US Federal Trade Commission

The investigation comes as Broadcom pursues a hostile takeover of Qualcomm in a $103 billion deal

Qualcomm reject 11 director nominees picked by Broadcom and private equity firm Silver Lake Partners
News & Analysis

Qualcomm reject 11 director nominees picked by Broadcom and private equity firm Silver Lake Partners

Broadcom's board is nominating its 11 incumbent directors for re-election at the 2018 annual meeting, Qualcomm said on Friday.

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies
News & Analysis

Broadcom reports better-than-expected quarterly proft after its bid to acquire Qualcomm intensifies

Broadcom’s move came after Qualcomm rejected its $70 per share bid, saying the offer undervalued the company and would face regulatory hurdles.

Broadcom lays down slate of 11 nominees to be placed on Qualcomm board
News & Analysis

Broadcom lays down slate of 11 nominees to be placed on Qualcomm board

Shares of both companies fell as Qualcomm confirmed receiving the list, saying Broadcom’s action was an attempt to control the Qualcomm board.

Broadcom is considering to raise its offer for Qualcomm buyout by giving more stock
News & Analysis

Broadcom is considering to raise its offer for Qualcomm buyout by giving more stock

Broadcom has offered to pay $103 billion for Qualcomm, made up of $60 per share in cash and $10 per share of its own stock.

Broadcom has hinted that it would make big changes to Qualcomm's patent licensing business
News & Analysis

Broadcom has hinted that it would make big changes to Qualcomm's patent licensing business

Broadcom has, however, given out few details about how it would go about revising Qualcomm’s practices.

Chipmaker Marvell Technology to buy its rival Cavium for about $6 billion
News & Analysis

Chipmaker Marvell Technology to buy its rival Cavium for about $6 billion

Marvell and Cavium combined would be able to better compete with bigger rivals Intel Corp, Qualcomm and Broadcom, Stifel analyst Kevin Cassidy said.