Broadcom Ups Its Bid for Qualcomm
Broadcom today made a second offer to acquire rival Qualcomm. Last year, the company offered $70 per share of Qualcomm's stock. Qualcomm rejected that bid, saying it drastically undervalued the company. Today's offer ups the financials to a total of $82 per share of Qualcomm stock. The new offer includes a greater mix of Broadcom stock, which Broadcom says gives Qualcomm shareholders a greater stake in the combined entity should the deal go through. The company also offered to accept two directors from Qualcomm, including Paul Jacobs, onBroadcom's board of directors, as well as pay a reverse termination fee should the deal not meet regulatory muster. Qualcomm acknowledged that it received Broadcom's new offer, though it declined to comment on the specifics of the revised deal. Qualcomm is already one of the world's largest suppliers of chips. Merging the two would create a titanic company in the mobile radio space.
Qualcomm Rejects Broadcom's Latest Acquisition Offer, But Leaves Door Open
Feb 8, 2018
Qualcomm's board of directors today unanimously rejected Broadcom's revised bid to acquire the company for $121 billion. Qualcomm's board continues to insist that Broadcom is undervaluing Qualcomm's overall worth.
Qualcomm Says Broadcom's Overtures Not Striking Right Notes
Feb 16, 2018
Qualcomm today said Broadcom's acquisition offer simply isn't good enough as currently proposed. The companies met earlier this week to go over some of the finer points of Broadcom's $121 billion bid to purchase Qualcomm, and Qualcomm still came away leery that the deal won't work out.
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.
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.