Qualcomm confirms Broadcom's $100 billion buyout offer

[Zorro]

Source: San Diego Union-Tribune

Qualcomm confirmed Monday that it has received a buyout offer from Broadcom of $70 a share in cash and stock, in the largest deal in the history of the semiconductor industry.

The San Diego wireless giant said in a statement that Broadcom’s unsolicited offer consisted of $60 a share in cash and $10 a share in Broadcom’s stock.

Qualcomm’s board and financial advisers will examine the deal, and declined further comment.

The offer likely will face tough scrutiny from global regulators.

Read more: http://www.sandiegouniontribune.com/business/technology/sd-fi-avago-broadcom-20171103-story.html

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This is a huge tech deal. Qualcomm doesn't want it, so I think things are going to get messy.

[Matthew28]

1. Where is

the enforcement of anti-trust laws? Stop this.

[BumRushDaShow]

3. Since you mention "anti-trust", I just found this earlier this evening

https://www.bloomberg.com/news/articles/2017-11-03/at-t-time-warner-review-said-to-slow-as-antitrust-chief-joins-in

Not sure if the same would happen in this particular transaction but it was interesting to see in any case.

[Sen. Walter Sobchak]

6. Qualcomm ran Broadcom out of the LTE chipset business years ago

[BumRushDaShow]

2. Yeah this IS big. Wow.

Didn't even know it was on the radar.

[Botany]

4. But what about Warren Buffet's $10 billion* offer to Skinner for 30% of DU?

* 1/2 cash and 1/2 in Berkshire Hathaway stock.

[Sen. Walter Sobchak]

5. Pretty impressive for a company that faced oblivion a decade ago

Qualcomm's future look pretty bleak when CDMA flamed out a decade ago.

[Mosby]

7. sprint and verizon use cdma technology

Qualcomm's chips are in hundreds of million phones.

[Sen. Walter Sobchak]

8. CDMA is a legacy platform

Qualcomm faced the ultimate existential crisis in 2007 when all their major platform customers rejected their 4G platform known as UMB. In a very short time Qualcomm went from looking like the next Nortel to dominating the technology (LTE) that had killed their platform.