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from the that's-$5-billion-plus-one-Jeff-Bezos dept.
Broadcom Raises Hostile Bid for Qualcomm to About $121 Billion
Broadcom Ltd. has raised its bid for Qualcomm Inc. to about $121 billion, in an attempt to force what could be the largest-ever technology deal.
The new offer of $82 a Qualcomm share will be Broadcom's final offer, according to a statement Monday. The deal would take the form of $60 in cash and the remainder in Broadcom shares.
Qualcomm's board previously rejected Broadcom's original $105 billion acquisition, and has since dug in against the threat of a takeover, with Chief Executive Officer Steve Mollenkopf dismissing the bid as not being worth consideration.
Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Typically, such break-up fees equate to approximately 3 percent to 4 percent of a deal's size.
Previously: Broadcom Offers $105 Billion for Qualcomm; Moves HQ Back to the USA
(Score: 2) by linkdude64 on Tuesday February 06 2018, @02:53AM (2 children)
That's what I'm concerned about.
Whether you love Obama or hate him, he let a LOT of manufacturing companies that are absolutely CRITICAL to national security become almost entirely bought out by the Chinese, and if you care about "Russian Hacking" but not "Chinese Hacking" you would be a hypocrite.
(Score: 2) by takyon on Tuesday February 06 2018, @02:58AM
Don't worry, Broadcom is aware of the optics:
Broadcom Offers $105 Billion for Qualcomm; Moves HQ Back to the USA
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2, Insightful) by petecox on Tuesday February 06 2018, @03:22AM
[wikipedia] Singaporean Avago bought 'Broadcom' for $37 billion less than 3 years ago, with an estimated merged value of $77 billion.
It sounds like funny money but let 'em crash and burn. I'd be very nervous as an investor as to (a) how NXP can value-add within Qualcomm (b) how these entities mesh together in yet a larger organisation.