
The proposed offer is the largest deal ever in the tech industry, The Associated Press reports.
But President Donald Trump appeared with Broadcom's chief Mr Tan last week, saying the company will relocate its legal base to the United States - a move which is expected to free Brocade's bid from the CFI review.
According to sources Qualcomm is not aware of the details of Broadcom's bid and the company has yet to make any comment.
On Monday, Broadcom made an unsolicited offer to pay $70 per share to buy its rival.
The news sent Qualcomm's NASDAQ shares up 4.5% in early trading. According to CNBC, Broadcom brought the offer to Qualcomm privately more than a year ago but was rebuffed. The proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt, giving effect to Qualcomm's pending acquisition of NXP on its now disclosed terms.
"Broadcom's proposal is compelling for stockholders and stakeholders in both companies".
Читайте также: 'I don't remember much' about meeting with Papadopoulos"We would not make this offer if we were not confident that our common global customers would embrace the proposed combination", Tan said in a company release Monday.
Qualcomm is now trying to close its pending $38-billion acquisition of NXP Semiconductors, a leading supplier of chips for vehicles that is also expanding into self-driving technology, and it is believed that Broadcom is open to acquiring NXP.
Tan added that if Broadcom acquires Qualcomm which in turn has acquired NXP, the combined company's net debt could be in the range of US$90 billion.
Broadcom, Qualcomm and NXP together would have control over modems, Wi-Fi, GPS and near-field communications chips, a strong position that could concern customers such as Apple and Samsung Electronics Co Ltd because of the bargaining power such a combined company could have to raise prices.
Broadcom plans to move its headquarters exclusively to the United States, which would allow it to avoid review by the Committee on Foreign Investment in the United States, which reviews foreign ownership of USA assets.
При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.
Код для вставки в блог
Related News:
-
Paul Pierce thinks LeBron James should sign with Wizards in free agency
LOS ANGELES (AP) - Lakers forward Larry Nance Jr. will need at least four weeks to recover from hand surgery performed Friday. Redick scored 31 points and hit three decisive 3-pointers down the stretch to close out a 121-110 victory against the Pacers.Paytm introduces Inbox with end-to-end encryption and message recall
Once done, open the updated app and you will be able to see the "Inbox" feature at the extreme right of the bottom navigation bar. In an attempt to dig at WhatsApp, Paytm received the Message Recall feature similar to WhatsApp's Delete for Everyone feature .Jimmy Kimmel, Channing Tatum Play Halloween-Candy Prank on Their Kids
But after Kimmel began talking about all the various sweets he devoured, three-year-old Jane admitted she was "sad". Channing Tatum pranks his daughter Everly and tells her he ate all her Halloween candy . "Don't worry", she said. -
Rejuvenated Liverpool Thrash Woeful West Ham At The London Stadium
Meanwhile, West Ham remain a point above the relegation zone after their winless run was extended to four games. And, whilst the West Ham board have been incredibly patient, losing to Liverpool may force their hand.Tesla postponing mass production of Model 3 sedan
Hitting the company's first-quarter of 2018 production goals could be a good step toward reversing Thursday's downward slide. The electric auto maker has received over half a million pre-orders for its latest (and cheapest) vehicle, the Model 3 .Himachal Pradesh election: Congress party famous for corruption, says PM
In his interview Surjewala said that the "jumla babu" (Prime minister Modi) is here again with false promises. The country can not expect anything from the Congress as it has become a non-serious group. -
Sears plans to close stores in Indiana, State College
Liquidation sales at the closing stores will begin on November 9, according to the company's statements. The corporation wouldn't comment about how many employees will be impacted by this decision.Isner, Sock in contention for ATP Finals
The victor had to be decided in the tie break and Isner opened it with a mini-break, following a big forehand error from the Serb. The 77th-ranked Krajinovic had only won 17 matches in his whole career - thwarted by a wrist injury - before this tournament.Kidde recalls fire extinguishers that don't extinguish fires
One death has been reported in connection with the faulty fire extinguishers, the Consumer Product Safety Commission reports. The massive recall involves 134 models of Kidde fire extinguishers manufactured between January 1, 1973 and August 15, 2017. -
Pound plunges as Bank hikes interest rates
A rate rise would normally boost the pound, but the note of caution about future increases sent sterling down sharply. Banks have no obligation to pass on rate changes to their SVR (standard variable rate), but they invariably will.Trump's Twitter Deactivation Leads to Security Scrutiny
It was the latest in a string of iterative changes amid criticism the platform too slowly and inconsistently responds to abuse. Trump's Twitter account has 41.7 million followers, making him one of the influential characters on the US social network.Justin Bieber 'officially back on with one true love Selena Gomez'
In the past week, Selena has seen glued to Justin as she has visited his new LA rental, and he has been at her home. There were claims he cheated on her with several women, and then he shot back that she had cheated with Zayn Malik.