Broadcom reportedly mulling $100B takeover of Qualcomm

Broadcom May Acquire Qualcomm In Biggest Chip Tie-Up Ever

In what would be the biggest-ever acquisition of a chip maker, Broadcom Ltd.is considering an unsolicited bid for mobile chip giant Qualcomm Inc., according to reports.

Update: Bloomberg's sources say Broadcom could offer Qualcomm about $70 per share in cash and stock within the next few days.

As for Broadcom, its CEO Hock Tan has a huge appetite when it comes to acquisitions and states that he is interested in more deals, which could be halted thanks to the intervention of US regulators since Qualcomm is a USA -based technology company.

Bloomberg, which was the first to report the news, said Broadcom has yet to make a final decision on the move. The news outlet also noted that the stock of Qualcomm went up 14 percent following the news, which is the largest stock movement for the company in almost a decade. 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.

Broadcom, which has a market value of $110 billion, just announced on Thursday that it's moving its headquarters to the USA from Singapore.

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A tie-up between Broadcom and Qualcomm could help alleviate the damage from that battle, however.

Formerly known as Avago Technologies, Broadcom Limited was created previous year after Singapore-based Avago acquired Broadcom Corporation for $37 billion.

More: IPhone supplier Broadcom, seeking merger OK, unveils plan with Trump to return headquarters to U.S. 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.

Its competitor Qualcomm finds itself in a weakened state. The potential offer is a premium of 27.6 percent to Qualcomm's Thursday close.

"If what we think is going to happen happens, which is more endgame consolidation, that would be really good for this business", Waldron said, speaking about his firm's debt operation.

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