Menu
Broadcom Ltd. (AVGO) is considering a bid of more than $100 billion for Qualcomm Inc., (QCOM) according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker.
Update(s):
November 6, 2017: Broadcom (AVGO) proposed to acquire Qualcomm (QCOM) for $70.00 per share in cash and stock in a transaction valued at $130 billion.
November 13, 2017: Qualcomm Incorporated (QCOM) today announced that its Board of Directors unanimously rejected the unsolicited proposal announced by Broadcom Limited (AVGO) .
November 13, 2017: Broadcom Limited (AVGO), a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, today announced that it remains fully committed to pursuing its acquisition of Qualcomm Incorporated (QCOM).
November 20, 2017: Qualcomm Inc. (QCOM) investors want at least $10 more than the $70-a-share Broadcom Ltd. (AVGO) is offering.
November 23, 2017: Chipmaker Broadcom Ltd (AVGO) is considering raising its offer to buy rival Qualcomm Inc (QCOM) by offering more of its own stock, following consultation with several of Qualcomm’s top shareholders, according to people familiar with the matter.
December 01, 2017: Broadcom Ltd. (AVGO) isn’t planning to increase its $105 billion offer for Qualcomm Inc. (QCOM) ahead of a proposal next week to replace directors on its board, according to people familiar with the matter.
December 04, 2017: Broadcom Ltd (AVGO) will take its first formal step on Monday toward a hostile bid to take over Qualcomm Inc (QCOM), unveiling nominees whom Qualcomm shareholders can vote on to replace the U.S. semiconductor company’s board of directors, according to people familiar with the matter.
January 23, 2018: Qualcomm Incorporated (QCOM) today sent a letter to its stockholders in connection with its 2018 Annual Meeting of Stockholders, which will be held on March 6, 2018. Stockholders of record on January 8, 2018, will be entitled to vote at the meeting.
January 23, 2018: Broadcom Limited (AVGO) today issued a statement in response to a letter Qualcomm Incorporated (QCOM) sent to Qualcomm stockholders.
February 05, 2018: Broadcom Ltd (AVGO) plans to unveil a new approximately $120 billion offer for Qualcomm Inc (QCOM) on Monday, aiming to ratchet up pressure on its U.S. semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday.
February 08, 2018: Qualcomm Incorporated (QCOM) today announced that its Board of Directors has unanimously rejected the revised non-binding, unsolicited proposal by Broadcom Limited (AVGO) to acquire all of the outstanding shares of Qualcomm for $82.00 per share ($60.00 in cash and $22.00 in Broadcom stock), which Broadcom announced on February 5, 2018.
February 12, 2018: Qualcomm Inc (QCOM) and Broadcom Ltd (AVGO) plan to meet on Wednesday to talk about the latter’s $121 billion acquisition offer, the first time the semiconductor companies will discuss the potential deal, people familiar with the matter said.
February 13, 2018: Broadcom Ltd (AVGO) said on Tuesday it would seek to elect six members to the board of its acquisition target Qualcomm Inc (QCOM) instead of the 11 it earlier sought to elect.
February 15, 2018: Qualcomm Inc (QCOM) said on Wednesday it met with Broadcom Ltd (AVGO) earlier in the day to discuss the latter’s revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector’s largest ever acquisition.
February 16, 2018: The Board of Directors of Qualcomm Incorporated (QCOM) today sent a letter to Broadcom Limited (AVGO) regarding its February 14 meeting with Broadcom representatives.
February 18, 2018: U.S. semiconductor company Qualcomm Inc (QCOM) should try to negotiate a sale to Broadcom Ltd (AVGO) following the latter’s sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said.
February 20, 2018: Broadcom (AVGO) is Evaluating its Options Following Qualcomm’s (QCOM) Transfer of Value from Qualcomm Stockholders to NXP Stockholders