Broadcom offers to buy Qualcomm for $130 billion (BCOM, QCOM)

pulse

November 6, 2017 12:31 PM

It would be the largest tech takeover ever.

Broadcom has proposed to buy Qualcomm in a semiconductor deal that would be worth $130 billion. It would be the largest tech takeover ever.

In a statement Monday, Broadcom said it offered Qualcomm shareholders $60 in cash and $10 per share in Broadcom shares. The offer represents a 28% premium to Qualcomm's closing price of $54.85 on Thursday, before initial reports of deal talks sent Qualcomm shares up 12% on Friday.

A deal would make Broadcom the third-largest maker of chips and other components that go into smartphones behind Intel and Samsung, according to Bloomberg.

Qualcomm

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