According to Bloomberg, the offer would be roughly $70 a share in cash and stock that could top $100 billion - though a final decision on the whether to make the bid has not been made. Qualcomm's stock is down 16 percent this year, excluding the jump prompted by the Broadcom news today, and it suffered a staggering 90 percent drop in profit in its fourth quarter earnings released earlier this week. Broadcom's plan to move its home address to the US from Singapore would free its $5.5 billion deal for USA network provider Brocade Communications Systems from a review by the Committee on Foreign Investment in the United States. Qualcomm has a market cap of around $92 billion as of writing while Broadcom is worth almost $113 billion.
Broadcom keeps a presence in Irvine and a USA headquarters in San Jose.
A Qualcomm representative declined comment. The Wall Street Journal quickly confirmed the news in its own report. Broadcom, created in 2016 when Avago Technologies Ltd. acquired then-Broadcom Corp. for $37 billion, has built itself from a former division of Hewlett Packard into one of the industry's largest chipmakers via a string of purchases.
Qualcomm shares are now up 12.62% to $61.76. Even though Qualcomm's component is considered to be the best, Apple is trying to get back at the company for various patent and legal issues. It has faced regulatory scrutiny in Europe, and some shareholders such as activist hedge fund Elliott Management Corp. have said the deal undervalues NXP, a large maker of automotive and other chips. Broadcom is also a major supplier to numerous same companies for Wi-Fi chips.
All Indians safe: Sushma Swaraj tweets after Kabul attack An explosion ripped through Kabul's Wazir Akbar Khan area where many foreign embassies and government departments are based. Initial reports suggest that the suicide bomber detonated explosives inside Kabul Green Zone close to Australian embassy.
The pair made global news headlines when photos of their raunchy display were captured by another passenger. The risky quest to join what's known as the " Mile High Club " has landed two more people in hot water.
The former features an aperture of f/1.75 and a wide-angle lens, while the latter gets hold of a f/2.6 aperture and zoom lens. Going by the listing spotted by Slashleak , the smartphone will come with a design similar to that of the Nextbit Robin .
With a closing slate that including games at Miami and Stanford, Kiper believes the strength of schedule is in Notre Dame's favor. There were 5 unbeaten teams at this point last season, but by the end of the regular season only 2 remained.
During the Summer of 2016, the Wii U was struggling and there were plenty of concerns surrounding the publisher financially. I'm still looking forward to checking out Mario Odyssey and revisiting LA Noire on Switch before the end of the year.
Police had earlier released a surveillance camera photograph of a middle-aged white man wearing a black jacket and blue jeans. CBS Denver video shows Scott Ostrem being handcuffed and put in a police auto just before 8 a.m.in Westminster.
Reports have suggested that one transport truck then collided into the vehicles ahead and caused the massive fire. Schmidt says thousands of litres of fuel were burnt and more spilled onto the highway and surrounding area.
According to ESPN's Adam Schefter , the Browns had agreed to a deal with the Cincinnati Bengals to acquire backup quarterback A.J. After the trade deadline passed, reports emerged that it didn't go through because the Browns didn't file the paperwork in time.
Creed said that Pizza Hut does benefit from live sporting events, including baseball, college football, and the NFL. At a league meeting last month, Goodell and the NFL owners opted not to force players to stand during the Anthem.
The decision comes just weeks after a referendum on independence, which was led by President Masoud Barzani. He said "strong KRG is essential to Iraqi long-term stability and to enduring defeat of Islamic State".
Jahlil Okafor begs off 76ers: Stop holding me hostage
The better question is whether Jahlil Okafor would be a fit for the Boston Celtics . "It worked out for him", Okafor said. The Celtics might want Okafor only after a buyout - i.e., if they don't have to surrender any assets to Philadelphia .
Benghazi attack suspect detained by United States special forces
"Yesterday, on my orders, United States forces captured Mustafa al-Imam in Libya", President Donald Trump said in his statement . During last year's election campaign, the raid became a focus for Republican attacks on Democratic candidate Hillary Clinton .