Qualcomm Declares Minor Victory in Broadcom Squabble
Today Qualcomm said that a federal judge has dismissed one of the complaints filed against it by rival wireless chip-maker Broadcom. Broadcom had complained that Qualcomm reaped undue royalties from patents that were exhausted. The judge presiding over the case threw out the complaint because Broadcom failed to list any specific patents. The two companies have been battling one another in various courts over wireless technology patent and licensing issues.
Qualcomm Rejects Broadcom's Acquisition Offer
Qualcomm's board of directors today unanimously rejected Broadcom's Nov. 6 offer to buy the company in a deal that would have been valued at approximately $130 billion.
Broadcom Takes Aim at Qualcomm with Unsolicited $130B Bid
Broadcom today made an unsolicited offer to buy Qualcomm for $70 per share, a deal valued at approximately $130 billion. According to Broadcom, the merged entity would be a diverse communications semiconductor company that would be able to accelerate innovation, deliver more advanced products, and create compelling financial savings/efficiencies.
Caltech Sues Broadcom, Apple Over WiFi Patents
Caltech has filed a lawsuit against Broadcom and Apple and alleges the two firms are using its patented technology without permission. The patents in question, granted to Caltech between 2006 and 2012, cover 802.11n and 802.11ac WiFi technologies, which improve transmission speeds and reduce the hardware needed for WiFi radios.
Avago Technologies May Buy Broadcom
Avago Technologies is in advanced talks to acquire Broadcom, reports the Wall Street Journal. Terms of the deal are not yet available, and the Journal's sources say the deal may not be signed.