Broadcom swoops for VMware in $61 billion deal
Chip and component manufacturer Broadcom has agreed to pay a whopping $61 billion a cash and stock transaction for cloud services firm VMware, and will also assume $8 billion of its net debt.
Chip and component manufacturer Broadcom has agreed to pay a whopping $61 billion a cash and stock transaction for cloud services firm VMware, and will also assume $8 billion of its net debt.
Facebook, Broadcom, and Cisco have created a software group under the aegis of Telecom Infra Project (TIP) to accelerate the commercialization of 6 GHz Wi-Fi devices.
The Federal Trade Commission reckons Broadcom has a monopoly in certain types of chip and is abusing that position to impose exclusivity on its customers.
Much has been made of Nokia’s apparent exclusion from the Chinese 5G market, but a new deal with China Unicom indicates such reports may have been an exaggeration.
The European Commission is in the process of investigating Broadcom for anticompetitive behaviour, but has imposed sanctions in advance of any conclusion.
Some lucky gamblers would have made a pretty penny heading into the weekend as Broadcom officially announces it will acquire security firm Symantec.
The European Commission likes to poke and prod US chipmakers, and now it is the turn of Broadcom to join Qualcomm in the spotlight.
Broadcom has unveiled its financial results for the last three months, though it isn’t the rosy picture some might have hoped for as ‘continued geopolitical uncertainties’ weigh heavy on the spreadsheets.
Broadcom announced it is going to acquire the software company CA Technologies in a $18.9 billion deal, after its proposed takeover of Qualcomm fell apart in March.
Broadcom’s decision to kick off a redomiciliation process to the US was a pragmatic move to get in the good books of the government, but now Trump has killed the Qualcomm acquisition, is there any point?
It was just a matter of time before Broadcom conceded defeat after Trump’s intervention and it decided not to drag things out any more than necessary.
US President Trump is increasingly living up to his name by poking his nose into business deals, and has blocked Broadcom’s attempted acquisition of Qualcomm.
Assuming its aim was to scupper Broadcom’s hostile takeover, the Qualcomm board seems to have played a blinder in getting the CFIUS involved.
One day the attempted acquisition of Qualcomm by Broadcom will be taught at business schools as an example of what happens when M&A goes bad.
Chip giant Qualcomm has upped its bid for NXP in a bid to placate some investors and maybe complicate Broadcom’s attempted hostile takeover.
Having rejected its significantly improved acquisition offer Qualcomm met Broadcom to look for common ground, but they don’t seem to have made much progress.
The awkward courtship continues but it’s getting more difficult for Qualcomm to refuse Broadcom’s advances.
Broadcom is ramping up the pressure on Qualcomm investors with rumours of a more attractive offer in the acquisition saga, but sources have warned CEO Hock Tan might change his mind.
Broadcom has been keeping its lawyers busy over the last couple of days, firstly responding to an FTC second request for information, and secondly, starting the redomiciliation to the tax shelter of Delaware.
The incumbent Qualcomm broad rejected Broadcom’s hostile acquisition bid, so Broadcom’s cunning plan is to replace it with one that may think differently.
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Orange Belgium has brokered a pair of fixed network wholesale deals with rival Telenet that it clearly hopes will h hhttps://t.co/xXRlhcGCve
30 January 2023 @ 14:40:07 UTC