Broadcom made an initial offer for Qualcomm‘s. Qualcomm acquisition of Broadcom but was denied. The chipmaker reportedly was contemplating raising the acquisition bid to buy Qualcomm. Qualcomm declined the initial offer launched by Broadcom and one of the reasons given was that the offer was considered too low.
Qualcomm itself is considered globally as the number one System-on-Chips manufacturer for mobile devices. “Broadcom’s proposal is incompatible with Qualcomm’s value.
That proposal is to light for the company’s leadership. Because in mobile technology our future growth potential”, said Qualcomm Executive Chairman Paul Jacobs
The improvements involved Broadcom’s offerings. Broadcom has the idea and said to have debated after consulting with some of Qualcomm’s top shareholders. According to sources familiar with the matter. There is no news of when Broadcom will launch the offer. But the fact that the issue has not subsided is an indication. That Broadcom plans to increase pressure on Qualcomm to negotiate.
Broadcom plan to Aquisition Qualcomm
The offer is a lure and approach. For the first lure, the company will offer more shares to Qualcomm’s shareholders. Then they will be in control by threatening to replace the board of directors.
Broadcom CEO Hock Tan himself has hinted that he is ready to fight in the takeover. Sources have reported earlier that the technology giant is preparing to file a list of officials. This is before the Qualcomm nomination deadline on December 8.
The term of office of the board is now coming to an end. It will allow Broadcom the opportunity to swing a strategy to its advantage. While Qualcomm shareholders who want their company to be involved in the deal talks with Broadcom. That will be able to select the general register at the shareholders’ meeting on March 6, 2018.
Qualcomm‘s shares now jumped more than 2 percent to $ 68.05. After news of a better offer. On the other hand, Broadcom shares fell 0.3 percent at $ 275.82. We look forward to furthering news about the offer from Broadcom to Qualcomm.