Google, Microsoft concerned that a Broadcom acquisition of Qualcomm will benefit Apple

Google and Microsoft are among some of the major tech outfits that have complained to Qualcomm about the ramifications of a Broadcom acquisition of the chipmaker. Currently, Broadcom has a $70 a share deal on the table ($105 billion) for Qualcomm consisting of $60 in cash and $10 in Broadcom shares. While there are sources suggesting that Qualcomm would be a willing seller at $80 a share and up, Broadcom is looking to install its own candidates on Qualcomm’s board, hoping that a proxy battle can help it win the company at the current bid price.

Google and Microsoft are concerned about the …


Report: Broadcom to release its candidates for Qualcomm's board tomorrow as deal turns hostile

Broadcom’s $103 billion bid for fellow chipmaker Qualcomm is not only unsolicited, it is now hostile. With the latter turning down what would be the largest acquisition in the history of the tech sector, Broadcom plans on trying an end around to get the deal done. According to people close to the transaction, this involves starting a proxy fight for control of Qualcomm’s board. These sources say that this will all start Monday when Broadcom announces its slate of candidates to run against Qualcomm’s current board.

Qualcomm shareholders will get to vote between the company’s present Board …

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 gets record breaking $130 billion offer from Broadcom

This morning, Semiconductor producer Broadcom offered a record breaking $130 billion for mobile chip maker Qualcomm. The deal would be the largest of all-time in the tech sector, and works out to $70 in cash and stock. That is a 28% premium for Qualcomm’s shares computed from Thursday’s close. That was the last day that Qualcomm traded without talk of an impending bid from Broadcom. Broadcom will assume $25 billion in Qualcomm debt, which is included in the total amount of the transaction.

If the deal is agreed to by stock holders and regulators, the combined company will be the world’s …

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 …