Qualcomm confirms Broadcom meeting as takeover talks continue

Here’s another interesting article from Itproportal titled:  Qualcomm confirms Broadcom meeting as takeover talks continue

Qualcomm has actually confirmed it met representatives from Broadcom previously today as prospective requisition talks grumble on.

In a statement, the San Diego-based chipmaker claimed that conversations had actually happened, with the company’s board now readied to meet and also choose on the outcome.

“We consulted with representatives of Broadcom for two hrs previously today, as well as paid attention very carefully to exactly what they needed to claim,” the statement claimed. “The Qualcomm Board will quickly meet to discuss the conference and also to figure out following actions.”

The news marks the initial time agents of the two business have satisfied personally to talk about a prospective deal, with resources accustomed to the issue telling Reuters that the end result was still rather in the equilibrium.

Broadcom has been attempting an aggressive requisition of its fellow chipmaker for several months now, with Qualcomm denied a quote of $82 per share last week. Nonetheless it now feels like Broadcom’s latest deal, thought to be $121 billion, may have ultimately guided Qualcomm’s board.

Qualcomm shareholders are established to elect on March Sixth concerning Broadcom’s proposal to change the majority of the firm’s board with new numbers chosen by Broadcom.




Resource here!

Leave a Reply

Your email address will not be published.