Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
WASHINTON, United States (AFP) — Singapore-based Broadcom said Wednesday it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm’s increased bid for Dutch rival NXP. Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in the tech sector if completed at an estimated value of nearly $117 billion. The move came amid a closely watched hostile bid for Qualcomm which could […]
WASHINGTON, United States (AFP) — US mobile chipmaking giant Qualcomm on Tuesday raised its bid for Dutch rival NXP to an estimated $43 billion as the California-based firm moved to fend off a hostile offer from Singapore’s Broadcom. The new bid amounts to $127.50 per NXP share and aims to satisfy NXP shareholders who had expressed concern the Qualcomm bid was too low. By moving closer to a tie-up with NXP, Qualcomm could make it […]
