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Broadcom’s $130bn deal for Qualcomm would threaten mobile innovation

Broadcom has made a record-breaking $130bn unsolicited bid for Qualcomm, which would make it the world’s third largest chip supplier after Intel and Samsung. If NXP (for which Qualcomm is bidding) were included in the final mix, total sales would be about $40bn, leapfrogging TSMC. It is clearly determined to net its prey. Only last week, the company relocated its headquarters from Singapore to the US, presumably to make approval of its deal easier. And it says it is prepared to go hostile if Qualcomm does not succumb to its $70-per-share offer, which would be the biggest acquisition ever seen in the technology industry. “Broadcom’s proposal is compelling for stockholders and stakeholders in both companies. Our proposal provides Qualcomm stockholders…

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