Broadcom offers to acquire Qualcomm for $130 billion

November 6th, 2017   decode   Android 7.1

We often mention Qualcomm in relation to its Snapdragon chipsets, but the company is also one of the biggest providers of modems. The tech giant might soon find itself under new ownership in a suitably massive deal – a $130 billion acquisition by Broadcom.

The offer is for $70 a share – a 33% premium at the time, though QCOM shares shot up since then. This would be the largest tech acquisition ever and would instantly make the new company the global #3 (behind Intel and Samsung).

Broadcom, Qualcomm and NXP will have yearly revenues for 2017 of $51 billion and EBITDA of around $23…

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