SKIP TO MAIN CONTENT

Broadcom offers Qualcomm a $US130 b deal

Broadcom is looking to seal the largest ever deal in tech history by offering $US130 billion ($A182 billion) for rival chipmaker Qualcomm.

1 min read

Published

Source: AAP


Skip to article content

Broadcom is making an unsolicited, $US130 billion ($A182 billion) offer for rival chipmaker Qualcomm, the largest deal ever in the tech industry that will face intense regulatory scrutiny.

President Donald Trump appeared with Broadcom chief executive Hock Tan last week, saying the company is likely to relocate its headquarters from Singapore to the United States.

There has already been broad consolidation in the computer chip sector and a tie-up between the two giant companies would create a massive producer.

The Broadcom offer of $US70 per share to Qualcomm stockholders would be $US60 per share in cash and $US10 per share of Broadcom.

Broadcom says its proposal is a 28 per cent premium over the closing price of Qualcomm common stock on November 2, the last "unaffected" trading day for the companies.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world