Posted on 11/03/2017 11:23:27 AM PDT by Kid Shelleen
Semiconductor giant Broadcom is exploring a possible acquisition of $80 billion Qualcomm, according to a Bloomberg News report citing people familiar with the matter. It would be the biggest-ever purchase of a semiconductor manufacturer.
Shares of Qualcomm surged roughly 15% on the news, while Broadcom's stock climbed more than 3%.
According to the Bloomberg report, Broadcom is in talks with financial advisers. At present time, no final decisions have been made.
Broadcom, which has a market value of $110 billion, just announced on Thursday that it's moving its headquarters to the US from Singapore.
(Excerpt) Read more at businessinsider.com ...
sounds bad for competition
Didn’t Apple just dump QCOM? Stock jumped from 55 to 65 in 15 min just now. Expect a bidding war.
HQ to Sinapore. Broadcom at least makes it clear that it like many _US_ companies, or merely US shells for globalist operations. They desire global way before of USA.
Sinapore gave them 10 years tax free to headquarter there. Plus Trump and CEO Hock said yesterday Broadcom was moving their headquarters back to USA. Hock has taken the stock (AVGO) from ~$50 to $270 in just a few years. Hock may end-up ruling the world one day.
I would have thought Qcom would buy brcm, not the other way around.
Classic case of the swifter acquiring the slower, not the bigger acquiring the smaller.
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