Qualcomm may face takeover bid from chip rival Broadcom

From Engadget - November 5, 2017

Qualcomm had not commented on the report, but an FT companion piece cited insiders who claimed that the company would "prefer" to remain independent.This could be a hostile takeover attempt, to put it another way.

Broadcom also has not confirmed anything.However, there are hints that it could entertain a takeover.The company recently announced intentions to "redomicile" as a US-based company instead of Singapore.Many thought that was an attempt to grease the wheels for the much smaller acquisition of Brocade (by sidestepping fears about foreign takeovers), but it'd make more sense if Broadcom was using its legal relocation as a launching pad for larger moves.


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