Qualcomm investors say Broadcom will need to hike its bid to at least $80 to snag the company

It was exactly one week ago today that Qualcomm announced that it was rejecting Broadcom’s unsolicited $70 a share offer for the company that designs the Snapdragon line of mobile chipsets. The deal was to be a combination of cash and stock with each Qualcomm share to be exchanged for $60 in cash and $10 in Broadcom equity. The total value of the transaction would be approximately $105 billion, which would make it the most valuable acquisition in tech history.

Broadcom was willing to pay the big bucks despite the strong possibility that Qualcomm’s modem chip will be designed out of the 2018 …


Qualcomm turns down Broadcom's takeover bid; this could be the start of an epic Wall Street battle

As expected, Qualcomm this morning said no to the largest tech takeover bid in history. Fellow chipmaker Broadcom had offered $60 in cash and $10 in stock for each Qualcomm share, a transaction valued at $105 billion. Qualcomm told stockholders to reject the tender offer, stating that it amounts to Broadcom trying to buy it on the cheap. Despite the rejection, there are still ways that Broadcom can execute an end around past its target’s board.

Broadcom is said to be considering a proxy contest, asking Qualcomm stockholders to vote on replacing the latter’s current board with a slate of …

Qualcomm to reject Broadcom's unsolicited $103 billion bid?

Now that Broadcom has a $103 billion unsolicited bid on the table for fellow chip maker Qualcomm, the word from four people familiar with Qualcomm’s thinking is that the San Diego based provider of Snapdragon mobile chips is going to turn down the deal. Broadcom says that for every share of Qualcomm it receives, the latter’s stockholders will get $60 in cash and $10 in Broadcom stock.

The $70 face value of the transaction is a 28% premium from Qualcomm’s closing stock price the day before rumors about the merger first started to appear. Qualcomm’s Board of Directors is rumored to have met …

Report: Qualcomm to receive unsolicited takeover bid from Broadcom as soon as this weekend

According to a report in the WSJ, Qualcomm, currently embroiled in a number of lawsuits with Apple, is apparently about to receive an unsolicited takeover bid from semiconductor designer Broadcom. The deal could be announced as soon as this weekend and is expected to be made up of 80% to 90% cash, with the remainder in stock. Qualcomm’s shares soared 12.71% on the rumor, or $6.97, to $61.81. Broadcom’s stock also rose on the report, adding $14.13 or 5.45% to $273.63.

Qualcomm is known for its Snapdragon chipsets used to power many smartphones. The company’s modem chips have been used by …

Apple discontinued the 256GB Apple iPhone 7 in a bid to spur iPhone 8 sales

On September 12th, the day that the Apple iPhone 8, Apple iPhone 8 Plus and Apple iPhone X were unveiled, the tech titan stopped offering the 256GB Apple iPhone 7 and Apple iPhone 7 Plus. This comes from a report published today that cites an Apple customer service rep who confirmed the story. Actually, a trip to Apple’s online store shows that the Apple iPhone 7 and Apple iPhone 7 Plus are both now available only in 32GB and 128GB versions.

Apple did this to spur sales of the Apple iPhone 8 and Apple iPhone 8 Plus, both of which have a 256GB model. The upcoming Apple iPhone X also will …

Amazon keeps hiring engineers in a bid to keep Alexa on top

Amazon’s virtual assistant Alexa has had quite a year. Besides powering the leading smart speaker in the world in the Amazon Echo, smartphone manufacturers like Huawei, HTC and now Motorola have made room on certain of their handsets to include Alexa right alongside Google. And as other companies seek to make their own personal assistants more competitive, Amazon is willing to shell out the cash required to keep Alexa on top in 2018 and beyond.

In fact, according to the Wall Street Journal, Amazon is moving money and people off of other divisions and is moving the cash and hundreds of engineers …

Kik jumps on the cryptocurrency bandwagon in a bid to copy Chinese messaging apps

You may know Kik as the WhatsApp alternative cool kids use to sext each other, but its executives seem to want to turn it into something a bit different. Once accused of being a clone of BlackBerry’s BBM, Kik now seems to be turning its gaze eastward, where messaging services, such as Chinese giant Tencent’s QQ and WeChat have a variety of other uses, including peer-to-peer payments.

Kik CEO Ted Livingston recently spoke at a TechCrunch event held in Shenzhen, China, where he justified the company’s plans to launch its own cryptocurrency (think …