For Qualcomm Inc. Broadcom Limited has considered a historic large amount bid. The bid is more than $100 billion. Looking at the history of the chipmaker industry, it’s going to be one of the biggest takeovers ever.
Broadcom to Acquire Qualcomm
Bloomberg wrote, to acquire Qualcomm, the world’s largest maker of mobile-phone chips, Broadcom would pay a 28 percent premium over the stock’s closing price on Nov. 2, before Bloomberg first reported talks of a deal. The proposed transaction would be the largest so far this year, valued at approximately $130 billion, including $25 billion of net debt.
A confidential discussion is going on regarding the prospective deal. Moreover, Broadcom is consulting with the advisors to make the best out of the deal. The offer of about $70 per share would include cash and stock. According to the people familiar with matter ensured that the deal may take place soon. Nonetheless, we don’t know about the specific date.
After the announcement, Qualcomm shares rose as much as 19% in New York in their biggest intraday move. The share never rose like this since 2008. On the other hand, Broadcom shares rose 5.5% with valuation at $112 billion. We learned the announcement via a Bloomberg report. Neither Qualcomm nor Broadcom commented on this news.