Qualcomm confirms receiving a non-binding, unsolicited acquisition proposal from Broadcom

7 November 2017, 02:03:36

Qualcomm confirms receiving a non-binding, unsolicited acquisition proposal from BroadcomQualcomm has officially confirmed that it has received a non-binding, unsolicited proposal from Broadcom for acquiring all outstanding Qualcomm shares at a price of $60.00 in cash and $10.00 in Broadcom stock. This is a 28% premium over the closing price of Qualcomm common stock on November 2, 2017 and a premium of 33% to Qualcomm's unaffected 30-day volume-weighted average price. The Board of Directors is in consultation with its financial and legal advisors to assess the proposal in order to pursue the course of action that is in the best interests of its shareholders.

And while Qualcomm does not sound very excited about this opportunity, Broadcom's President and CEO, Hock E. Tan commented: "We have great respect for the company founded 32 years ago by Irwin Jacobs, Andrew Viterbi and their colleagues, and the revolutionary technologies they developed. Following the combination, Qualcomm will be best positioned to build on its legacy of innovation and invention. Given the common strengths of our businesses and our shared heritage of, and continued focus on, technology innovation, we are confident we can quickly realize the benefits of this compelling transaction for all stakeholders. Importantly, we believe that Qualcomm and Broadcom employees will benefit from substantial opportunities for growth and development as part of a larger company."

Meanwhile, there's a pending Qualcomm acquisition of NXP Semiconductors for $110 per NXP share. The proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt.Source

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Specifications

Full specifications of various moblie devices grouped by brand and year of announcement

10.or100+3603Q4Good78pointAcerAermooAGMAlcatelAlcorAllCallAllviewAmazonAmigooAmoiAmpeAosonAppleArchosArkAsusAT&TAvvioAxgioAxiooBartec PixaviBenQBlack FoxBlackBerryBlackviewBlaupunktBLUBlubooBQBQ MobileBravisBungBungameCagabiCatCelkonCentricCherry MobileChuwiColorflyColors MobileComioCongConquestCoolpadCoship MobileCreoCubeCubotCustomDajDakeleDawayDellDeWaltDEXPDigmaDigoorDoogeeDooproDoovE&LEchoEcooEffireElephoneEnergizerEnergy SistemEssentialEStarEtonEvolveoExplayFaeaFairphoneFireflyFlipkartFlyFreetelFujitsuFunkerGeecooGeneral MobileGeotelGigabyteGigasetGinzzuGioneeGocleverGoogleGoophoneGooweelGretelHafuryHaierHaipaiHaseeHelioHighscreenHiSenseHomTomHPHTCHuadooHuaweiHyvei-mobileiBalliBerryIIyamaiLAiManimooiNewInfinixInFocusInnJooInnosiNo MobileInoiIntexiOceanIQMIrbisiRULUIUNIiVooMiivviJDJeasungJesyJiakeJiaYuJingaJollaJumperJust5K-TouchKarbonnKazamKeecooKeneksiKenxindaKingSingKingZoneKodakKoganKolinaKonkaKoobeeKoolneeKultKyoceraLandvoLanixLaudeLavaLeagooLeEcoLenovoLeotecLephoneLeReeLeTVLGLumigonLyfM-HorseMannMantaMarshallMaxwestMazeMediacomMedionMeiigooMeituMeizuMicromaxMicrosoftMijueMilaiMlaisMobiistarMobiWireMoguMorefineMotorolaMPIEMstarMyPhoneMyWigoNECNekenNeoNewmanNexianNextbitNibiruNo.1NoaNokiaNomiNomunubiaNUU MobileNvidiaO+ObiObi WorldphoneOKWUOndaOnePlusOnkyoOppoOrgtecOrientphoneOtiumOukitelPanasonicPantechPantelPelephonePepsiPhicommPhilipsPhonemaxPiPOPixelphonePlumPolaroidPompPosh MobilePPTVPrestigioQ-MobileQikuQMobileQumoRamosRazerReachRinging BellsRitzvivaRunboSamsungSaygusSenseitSharpSiamSikurSilent CircleSiswooSK-PhoneSmartisanSmartronSnopowSonimSonySony EricssonSpiceStarmobileSuborSugarSuperDSwipeSymphonyT-MobileTaiga SystemTCLTeclastTecnoTengdaTexetTHLTianheTimmyToshibaTP-LINKTreviTrinityTTEMTurboUbroUhansUhappyUkoziUlefoneUMiUMIDIGIUniscopeUnistarUnnectoVaioVchokVerizonVerneeVertexVertuVerykoolVestelVideoconVidoViewSonicVifocalVitsmoVivoVKworldVodafoneVotoVoyoVphoneVtelWaltonWeimeiWexlerWickedleakWicoWieppoWikoWileyfoxWinnovoWolderX-ViewXgodyXiaolajiaoXiaomiXoloXtouchYamada DenkiYezzYota DevicesYUZaydoZeaplusZenZojiZopoZTEZUK