Qualcomm rejects Broadcom takeover bid

in news •  7 years ago 

PC chipmaker Qualcomm has rejected a $103bn (£79bn) takeover offer from match Broadcom.

Qualcomm said the offer, which is possibly the biggest tech division takeover to date, "drastically underestimated" the organization.

It included that the proposition additionally accompanied "huge administrative vulnerability".

Broadcom, which makes chips for items, for example, cell phones, was putting forth $70 per share for Qualcomm.

The offer comes during a period of union clearing the business. Broadcom is sitting tight for administrative endorsement to purchase Brocade, while Qualcomm is in converses with purchase NXP Semiconductors.

In the interim, Qualcomm is right now occupied with a fight in court over eminence installments with its greatest client, Apple.

A tie-up amongst Broadcom and Qualcomm would make the world's third biggest chipmaker behind Intel and Samsung.

At the season of takeover proposition, Hock Tan, president and CEO of Broadcom, had stated: "This reciprocal exchange will position the consolidated organization as a worldwide correspondences pioneer with an amazing arrangement of advancements and items."

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Source: http://www.bbc.com/news/business-41969930

Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.

Some tips to share content and add value:

  • Use a few sentences from your source in “quotes.” Use HTML tags or Markdown.
  • Linking to your source
  • Include your own original thoughts and ideas on what you have shared.

Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.

Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.

If you are actually the original author, please do reply to let us know!

Thank You!

More Info: Abuse Guide - 2017.

Your post was resteem by Whale ResteemService @booster007

Keep it up!
All the best!

First Follow for 3 hours | Send a minimum transaction 0.100 steem/SBD with post URL in memo | Your post gets resteemed | A post can only be resteemed once!

Calling @originalworks :)
img credz: pixabay.com
Nice, you got a 80.0% @nasgu upgoat, thanks to @johnsmit
It consists of $0.42 vote and $0.02 curation
Want a boost? Minnowbooster's got your back!

The @OriginalWorks bot has determined this post by @johnsmit to be original material and upvoted(1.5%) it!

ezgif.com-resize.gif

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

waiting for more from you johnsmit! keep motivating!