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
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
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.
Broadcom, which is based in Singapore, struggled to win CFIUS approval to buy Brocade Communications Systems late last year.
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 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.
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
Qualcomm’s response attempts to find balance between continued resistance to Broadcom’s takeover attempt and heeding the calls of some Qualcomm shareholders
Hoping to unseat Qualcomm's entire board, Broadcom raised the stakes a month before Qualcomm's annual shareholder meeting, the New York Times reported.
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 also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources.
Qualcomm, said it has amended its patent licensing Samsung Electronics Co Ltd, the world’s No. 1 mobile handset maker.
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
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
Broadcom's board is nominating its 11 incumbent directors for re-election at the 2018 annual meeting, Qualcomm said on Friday.
Broadcom’s move came after Qualcomm rejected its $70 per share bid, saying the offer undervalued the company and would face regulatory hurdles.
Shares of both companies fell as Qualcomm confirmed receiving the list, saying Broadcom’s action was an attempt to control the Qualcomm board.
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, however, given out few details about how it would go about revising Qualcomm’s practices.
Marvell and Cavium combined would be able to better compete with bigger rivals Intel Corp, Qualcomm and Broadcom, Stifel analyst Kevin Cassidy said.