Sunday, 5 November 2017

Qualcomm may face takeover bid from chip rival Broadcom

Qualcomm is already facing headaches between antitrust cases and its patent spat with Apple, but there's one more that might join the pile. The Financial Times reports that Broadcom, one of Qualcomm's main rivals in the wireless chipset space, is planning an unsolicited $100 billion takeover bid. The move would easily eclipse Qualcomm's previous record-setting bid to buy NXP (which has yet to be cleared), and Broadcom is supposedly willing to buy NXP in the process. A formal announcement could be made public before the weekend is out, if the scoop is accurate.

Source: Financial Times (1), (2)


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