https://www.theverge.com/2017/11/6/16611926/broadcom-qualcomm-takeover-deal-130-billion-bid

Chipmaker Broadcom has made an unsolicited bid to buy rival Qualcomm for $130 billion. If the deal is accepted it will be the biggest ever takeover in the technology sector, following a run of billion-dollar consolidation deals in the chip-making industry.

Broadcom president and CEO Hock Tan said the deal is “compelling for stockholders and stakeholders in both companies,” with the combined company able to operate at a larger scale across more product ranges. “We would not make this offer if we were not confident that our common global customers would embrace the proposed combination,” said Tan in a press statement. Broadcom is offering a combination cash-and-stock deal of $70 per share for Qualcomm, representing a 28 percent premium over the closing price of Qualcomm’s stock on November 2nd.