Qualcomm to review unsolicited buyout proposal from Broadcom

By GizBot Bureau

    A couple of days ago, news related to Broadcom's interest on acquiring one of the most well-known chipset maker - Qualcomm hit the web. However, the report was not official and was vague.

    Qualcomm to review unsolicited buyout proposal from Broadcom

     

    Now, Qualcomm has confirmed that it has received a non-binding, unsolicited proposal from Broadcom Limited to acquire all of the outstanding shares of Qualcomm for per share consideration of $60.00 in cash and $10.00 in Broadcom stock.

    The Qualcomm Board of Directors, in consultation with its financial and legal advisors, will assess the proposal in order to pursue the course of action that is in the best interests of Qualcomm shareholders. Qualcomm will have no further comment until its Board of Directors has completed its review.

    SEE ALSO: Broadcom reportedly planning to buy Qualcomm for $100 billion

    Qualcomm's Board and management have continued to execute on its strategy to position the company for the next phase of profitable growth by making focused investments to extend its leadership in mobile into new opportunities, while maintaining financial discipline and a robust capital return program.

    Qualcomm has significant opportunities to drive substantial additional value for its shareholders as its technology and product roadmap move into new industries.

    Read More About: qualcomm broadcom news
    Opinion Poll
    X

    Stay updated with latest technology news & gadget reviews - Gizbot

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Yes No
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more