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Broadcom proposes to acquire Qualcomm for $130 Billion

Broadcom Limited, a semiconductor device supplier, has offered to acquire semiconductor giant, Qualcomm Incorporated, for $70.00PHP 4,108INR 5,932EUR 67CNY 509 per share in cash and stock in a transaction valued at $130PHP 7,629INR 11,017EUR 124CNY 946 Billion.

Under Broadcom’s proposal, the $70.00PHP 4,108INR 5,932EUR 67CNY 509 per share to be received by Qualcomm stockholders would consist of $60.00PHP 3,521INR 5,085EUR 57CNY 437 in cash and $10.00PHP 587INR 847EUR 10CNY 73 per share in Broadcom shares. The proposed transaction is valued at approximately $130PHP 7,629INR 11,017EUR 124CNY 946 billion.

Broadcom highlighted the strategic and financial benefits of the acquisition such as the creation of a leading diversified communications semiconductor company, acceleration of innovation to deliver more advanced semiconductor solutions to global customers, and compelling financial benefits, as the combined Broadcom and Qualcomm, including NXP, will have pro forma fiscal 2017 revenues of approximately $51PHP 2,993INR 4,322EUR 49CNY 371 billion and pro forma 2017 EBITDA of approximately $23PHP 1,350INR 1,949EUR 22CNY 167 billion, including synergies.

Qualcomm, on the other hand, has confirmed that it has received the “non-binding, unsolicited proposal” from Broadcom. The company is now assessing the proposal and will have no further comment until its Board of Directors has completed its review.

source: Broadcom, Qualcomm


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