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.
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.
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 horrifying find was made amid an investigation that started on October 24 after a 23-year-old woman had gone missing. Jiji Press said Shiraishi had told police that he chopped up the bodies in a bathroom and a saw was found in his room.
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.
All other 14 countries of the 15-member security council supported the move by the United States and France, news agency PTI said. Hua said China's stand 'is in accordance with the resolutions and rules of procedure of the Committee'.
Family said she was studying counseling to help troubled kids like the 12-year-old boy who jumped off the overpass. Virginia State Police spokeswoman Corinne Gelle said the incident took place Saturday afternoon on Interstate 66.
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".
Hockey player Sardar Singh said "Run for Unity" is a commendable initiative to showcase country's unity and integrity. Delivering the first Sardar Patel memorial lecture in Delhi, Mr Naidu said some people were "ridiculing" nationalism.
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 .
NewsAlert: At least 3 dead in Highway 400 pileup
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.
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 .