As per news report, San Jose based Broadcom has wished to acquire the semiconductor company Qualcomm for $130 billion. Broadcom has offered a value of $70 per share of Qualcomm in the acquisition proposal.
The total revenue of the three firms Qualcomm, Broadcom and NXP is expected to touch $51 billion in FY 2017. Broadcom also said this proposal of buying Qualcomm would stay put irrespective of the outcome of the latter’s pending acquisition of NXP.
Qualcomm has confirmed of receiving the proposal from Broadcom.
Tags: Broadcom keen to acquire Qualcomm for $130 billion, Broadcom, Qualcomm, Broadcom acquire Qualcomm, varindia
