Broadcom is offering the acquisition of Qualcomm

Nov

6

2017

for $ 130 billion in the largest deal in technology history
Broadcom announced on Monday that it has made a bid to acquire Qualcomm for US $ 70 per share or US $ 130 billion in cash and shares, the largest acquisition in technology history.

The announcement by Broadcom, the maker of chips for the telecommunications sector, is the acquisition of Qualcomm, a specialist in the manufacture of mobile chips, to confirm a report published by Reuters on Friday and quoted by three sources familiar with.

The acquisition is believed to bring together the two largest wireless chip makers on mobile devices, and it raises Intel’s quotas, which have diversified its business into smartphones after dominating the PC sector.

Prodecom’s share is close to 27.6 percent of Qualcomm’s closing price on Thursday, roughly the same amount as Reuters reported on Friday.

Under the offer, Qualcomm’s investors will receive about $ 60 in cash and $ 10 per share of Broadcom shares. Combined with debt, the acquisition is valued at about $ 130 billion.

The offer comes at a time when Broadcom is planning to move its headquarters from Singapore to the United States. The acquisition is the most ambitious move by its chief executive, Hawk Tan, who has transformed a small chip maker since he took office a decade ago. To a giant US $ 100 billion company in a series of deals.

The offer comes as Qualcomm is trying to complete a $ 38 billion acquisition of NXP, one of the world’s largest manufacturers of electronic chip chips and self-driving technology. A Reuters source said Broadcom was also open to the acquisition of NXP.

Qualcomm, one of the pioneers in the mobile phone industry, supplies so-called modem chips to phone makers such as Apple, Samsung and LG, which help phones connect to wireless networks. Broadcom is also a major supplier of Wi-Fi chips to many of the same companies.

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