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Broadcom offers $105 bn for Qualcomm in landmark deal

Broadcom made an offer of $70 a share in cash and stock for Qualcomm

Ian King | Bloomberg 

Broadcom offered about $105 billion for Qualcomm, kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry. Broadcom made an offer of $70 a share in cash and stock for Qualcomm, the world’s largest maker of mobile phone chips. That’s a 28 per cent premium over the stock’s closing price on November 2, before Bloomberg first reported talks of a deal. The proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt. Buying Qualcomm would make ...

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First Published: Tue, November 07 2017. 02:32 IST
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