Broadcom ups Qualcomm takeover bid to final $121bn offer

By Jonathan Dyble
Having had its latest $103bn takeover bid rejected by Qualcomm towards the end of last year, Irvine-based Broadcom has made a final attempt to acquire t...

Having had its latest $103bn takeover bid rejected by Qualcomm towards the end of last year, Irvine-based Broadcom has made a final attempt to acquire the multinational semiconductor and telecommunications equipment manufacturer.

Broadcom has raised its bid to $82 per share, equating to approximately $121bn, with $60 set to come and cash and remaining $22 to come in Broadcom shares.

This represents a 50% premium on Qualcomm's unaffected share price as of 2 November.

See also:

The offer comes amidst Qualcomm's own takeover of NXP Semiconductors, however, Broadcom believes that the significant premium reflected in its own bid would represent a positive outcome for Qualcomm's shareholders regardless of this.

"Broadcom believes this offer is vastly superior to Qualcomm's standalone prospects, with or without the closing of the NXP transaction, and remains hopeful the Qualcomm board of directors will act responsibly on behalf of Qualcomm stockholders and engage with Broadcom on this offer without further delay," the company said.

Should the two firms come to an agreement, Broadcom remains confident that a takeover deal could be complete within 12 months.

Share

Featured Articles

Exec Q&A: Alex Cruz-Farmer, Cisco ThousandEyes

Alex Cruz-Farmer, Principal Product Manager at Cisco ThousandEyes, explains how their technology brings new levels of visibility to hidden DX issues.

Cloud & 5G - Day 2 highlights from the in-person stage

TECH LIVE LONDON returned to the Tobacco Dock last week. Stage host and Technology Magazine Editor in Chief, Alex Tuck, breaks down the presentations

Cloud & 5G - Day 1 highlights from the in-person stage

TECH LIVE LONDON returned to the Tobacco Dock last week. The stage host and Technology Magazine Editor in Chief, Alex Tuck, discusses the key themes

TECH LIVE LONDON: Day 2 highlights of the hybrid tech show

Digital Transformation

TECH LIVE LONDON: An overview of the hybrid technology show

Digital Transformation

TECH LIVE LONDON: Begins tomorrow at 10am!

Digital Transformation