American telecommunications equipment company, Qualcomm Inc., is preparing to discard its competitor's, Broadcom Ltd., $103 billion offer as soon as this week, according to people familiar with the matter said on Sunday, paving the way to one of the biggest buyout battles. Qualcomm officially rejected the initial bid today, which was for $105 billion (it was originally reported to be around $130 billion).
Morocco and Tunisia qualify for Fifa World Cup finals in Russian Federation
Cote d'Ivoire needed an outright win to qualify while a draw would still have been enough for Morocco. Tunisia also booked their spot at Russian Federation 2018 with a tense 0-0 draw against Libya.
"The board has concluded that Broadcom's proposal dramatically undervalues Qualcomm and comes with significant regulatory uncertainty", Qualcomm presiding director Tom Horton said in a statement.
Analysts said Broadcom could easily raise its bid to $80 or $90 per share-or as much as $130 billion-and still make out well with the acquisition.
Netflix Subscribers Being Targeted By 'Well-Designed' Email Scam
You can do this by hovering over the sender's name, though some email clients will display the actual address as well. Netflix subscribers are being targeted by an email scam , which warns their accounts are about to be suspended.
Broadcom made its offer for Qualcomm on November 6.
"No company is better positioned in mobile, IoT, automotive, edge computing and networking within the semiconductor industry", said Mollenkopf. "We continue to believe our proposal represents the most attractive, value-enhancing alternative available to Qualcomm stockholders and we are encouraged by their reaction", the company said. At the time, Bloomberg sources claimed that Qualcomm's board would likely reject the deal.
IPhone bug frustrates users typing 'i'
Both are features Apple showed off when iOS 11 was first unveiled at its Worldwide Developer Conference earlier this year. This involves going to the Settings menu, tapping General , then Keyboard , before hitting " Text Replacement ".
Broadcom's proposal came days after its CEO Hock Tan appeared at the White House with President Donald Trump to announce plans to move the tech company back to the United States from Singapore. Broadcom did not immediately return a request for comment. Samsung and Apple are the only two smartphone OEMs who have a choice to not use Qualcomm technology because they both make their own chips. Qualcomms stock closed at $64.57 a share on Friday, however the board of directors believes Broadcoms offer undervalues their company. If the deal goes through as proposed, it would be the largest technology acquisition ever. Broadcom has indicated it is willing to acquire Qualcomm irrespective of whether it closes the NXP deal.