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Broadcom puts up $130B US offer for chip maker Qualcomm

telecom | 11/06/2017 5:04 pm EST

Networking giant Broadcom Ltd. announced a proposal to purchase all outstanding shares of mobile chip maker Qualcomm Inc. on Monday morning. It could be one of the largest tech deals ever, according to Bloomberg. Should the deal proceed, it would be valued at around $130 billion US, said the release. That’s $105 billion US for the shares of Qualcomm and another $25 billion US of debt to cover Qualcomm’s potential purchase of NXP Semiconductors N.V. In its own release, Qualcomm acknowledged it received the proposal. Characterizing the proposal as “non-binding” and...