Continuing from
previous rumors, it is now seen Broadcom has offered Qualcomm to buy
each share at $ 70 per share bringing Qualcomm's overall value to $
103 billion.
Broadcom is one of the famous semiconductor companies with networking chips, WiFi, and so on. Qualcomm's
acquisition will provide them with a broader range of product
portfolios - while further strengthening their position in the
semiconductor arena. This move will also put Broadcom as the world's largest wireless communications chip provider.
As always, it is now subject to Qualcomm whether it accepts it or otherwise. Some rumors say Qualcomm might want a higher bid price for this takeover.
As always, it is now subject to Qualcomm whether it accepts it or otherwise. Some rumors say Qualcomm might want a higher bid price for this takeover.
Reference: Reuters
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