Europe decides to punish Broadcom before its investigation is complete
The European Commission is in the process of investigating Broadcom for anticompetitive behaviour, but has imposed sanctions in advance of any conclusion.
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.
Just as the hangovers from the Brocade celebrations are subsiding, Qualcomm investors are taking Broadcom to the cleaners to bring on a different headache.
Broadcom has been one of the more active pursuers of acquisition in recent years, and it’s appetite doesn’t seem to have been satisfied as it apparently lines up a $100 billion shot at Qualcomm.
Like a drifter just looking for a place to belong, Ruckus Wireless has been bought for the second time in less than a year. This time Arris has chucked $800 million at Broadcom to pick up Ruckus as well as its ICX switch biz.
Following Broadcom’s acquisition of Brocade, many have been left scratching their heads over what that means for the future of Ruckus Wireless.
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