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Broadcom rumored to acquire Qualcomm in $100 billion deal

$100 billion deal would be the biggest-ever takeover for a chipmaker
By: Anthony Garreffa | Mobile Devices, Tablets & Phones News | Posted: Nov 4, 2017 1:34 pm

Qualcomm is one of the biggest, and most innovative companies in the world, with rumors now circling that Broadcom is interested in acquiring Qualcomm in a deal worth over $100 billion.

 

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Bloomberg is reporting that Broadcom would purchase Qualcomm at around $70 per share, in a deal that would include both cash and stock options. Broadcom is said to make the offer to Qualcomm in the next few days, but nothing is on paper just yet.

 

If this deal does come through, it'll send some large shockwaves through the industry as Qualcomm is in legal battles with Apple. Qualcomm has its technology and IP in billions of devices across the world, with a finger in everything cellular (3G, 4G, 5G, etc) and has as huge stranglehold in the mobile market with their Snapdragon line of products, as well as Quick Charge technology.

NEWS SOURCES:Bloomberg.com

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