Broadcom Ltd. has made an unsolicited $103-billion offer for rival chipmaker Qualcomm Inc. It’s the tech industry's largest attempted takeover and is destined to come under intense regulatory scrutiny. Industry analysts believe that if Apple does not challenge the deal, it's one hurdle that Broadcom will have cleared. The Broadcom offer of $70 per share to Qualcomm stockholders would be $60 per share in cash and $10 per share of Broadcom stock. Qualcomm and Broadcom compete on several fronts, including Wi-Fi/Bluetooth technology and radio frequency front-end transceivers/amplifiers. Broadcom said that if the deal is approved, it expected a combined company to have revenue of about $51 billion.

Source: Los Angeles Times November 06, 2017 13:08 UTC