Qualcomm expected to keep their extra m and say no to Broadcom
Subject: General Tech | November 6, 2017 - 01:03 PM | Jeremy Hellstrom
Tagged: broadcom, qualcomm, billions
While the gang does some sleuthing about the current signs of the end of the world; not simply cats and dogs living together but rumours of AMD and Intel working together, lets look at a different surprise. It seems that Broadcom have set its sights on Qualcomm, offering $130 billion to buy out the company and its assets. In part this might be inspired by Qualcomm's pending release of the Centriq family of processors seeing as how Broadcom cancelled their ARM based server chip development earlier this year. It sems as though Qualcomm is not looking too hard at this as a way to pay their ever expanding legal bills in their cases against Apple as according to the story that Slashdot has linked to, Qualcomm considers this an offer it can refuse.
Keep an eye out for an update as Josh and Ryan check on the mixing of Intel's Embedded Multi-die Interconnect Bridges and AMD's Polaris.
"Chipmaker Broadcom officially unveiled a $130bn offer, including net debt, for Qualcomm on Monday, in what could be the largest tech deal in history. Under Broadcom's proposal, Qualcomm shareholders would receive $70 per share -- $60 in cash and $10 in shares of its rival. It would value Qualcomm's equity at roughly $103bn."
Here is some more Tech News from around the web:
- Intel and AMD partner on new 8th-gen CPUs to challenge Nvidia @ The Inquirer
- Essen 2017: Best board games from the biggest board game convention @ Ars Technica
- Biggest Tor overhaul in a decade adds layers of security improvements @ The Register
- 'Qualcomm, we will buy you... for... one HUNDRED... BILLION DOLLARS' – Broadcom @ The Register
- Take off, ya hosers! Silicon Valley court says Google can safely ignore Canadian search ban @ The Register