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.

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.


Share

1 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

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

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world