Is Broadcom Going to Buy Chipmaker Company Qualcomm?

Broadcom Ltd. is thinking about an offer of more than $100 billion for Qualcomm Inc., in what might be the greatest ever takeover of a chipmaker.

Broadcom is addressing its advisors about the potential deal, said the people, who requested that not be identified because talks are private. The offer of about $70 a share would incorporate money and stock and is probably going to be made in the coming days, the people said. An official choice on whether to continue has not been made, they said.

Qualcomm shares ascended as much as 19 percent in New York in their greatest intraday move since October 2008, after Bloomberg News first detailed the takeover designs. They ended up at $61.81, esteeming the company at $91 billion. Broadcom rose 5.5 percent, for a market valuation of about $112 billion.

Delegates for Broadcom and Qualcomm declined to remark.

Broadcom Chief Executive Officer Hock Tan is a ravenous acquirer, and he’s assumed a key part in an influx of solidification immersing the $300 billion semiconductor industry in the course of the most recent three years.

Broadcom, made in 2016 when Avago Technologies Ltd. gained Broadcom Corp. for $37 billion, has constructed itself from a previous Hewlett Packard division into one of the biggest chipmakers by means of a series of buys. Tan has said he needs more deals, a technique that could be restricted by resistance from U.S. controllers.


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