Avago to Buy Broadcom for $37 Billion
Avago Technologies today said it plans to acquire Broadcom for $37 billion. Avago is offering Broadcom's shareholders $17 billion in cash and $20 billion in Avago stock. Avago predicts the combined company will realize cost savings of $750 million per year and bring in $15 billion in annual revenue. Hock Tan, president and CEO of Avago, will become president and CEO of the combined company, which will be called Broadcom Limited. Avago and Broadcom expect the combined company to be a stronger competitor in the market, with a diversified product offering that will appeal to makers of mobile devices. The deal will be subject to regulatory approval. Avago expects the deal to close during the first quarter of 2016.
Galaxy S8 to Cost $750, S8+ to Cost $850: Carriers Share Launch Details
Mar 29, 2017
Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Broadcom Proposes to Oust Qualcomm's Board
Dec 4, 2017
Broadcom today suggested Qualcomm's shareholders elect an entirely new board of directors during the latter's planned annual shareholder meeting on March 6, 2018. Broadcom took the opportunity to nominate 11 people to replace Qualcomm's board.
Broadcom Takes Aim at Qualcomm with Unsolicited $130B Bid
Nov 6, 2017
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.