Broadcom Mulling Over Acquiring Qualcomm – Could Become the Biggest Chip Business Purchase Ever
https://wccftech.com/broadcom-could-acquire-qualcomm-100-billion/
With its profits plummeted more than 90 percent in the latest earnings call, Qualcomm could be fighting a losing legal battle with Apple, giving Broadcom the perfect opportunity to acquire the chipmaker in what could be the largest chip business acquisition ever.
According to Bloomberg news, if the deal goes through then Broadcom might acquire Qualcomm for the price of $100 billion, which would value the latter’s shares at $70. The news outlet also noted that the stock of Qualcomm went up 14 percent following the news, which is the largest stock movement for the company in nearly a decade.