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 …


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 …

Evidence suggests Apple bought AR eye-tracking company in a recent takeover

Tim Cook has stated his fondness of AR on various occasions, having said back in January that AR is “a big idea like the smartphone”. And to be honest, judging by what Apple unveiled at the WWDC 2017, and more specifically the new ARKit, it seems like the company is indeed on track to cause a big splash in the AR pond in the months to come. However, Tim Cook also accentuated that the tech is still largely to be worked on and developed further, before it can hit the mainstream.

In this regard, Cupertino is apparently looking to build on its AR development effort and is …