Qualcomm soars 14% on report of takeover by Broadcom - Breaking The News

Qualcomm soars 14% on report of takeover by Broadcom

3 November

1 min read

EPA / ANDREW GOMBERT

Qualcomm shares surged over 14% on Friday to go for $64.99 on reports of a possible takeover bid by Broadcom. The offer is expected to be around $70 per share which would value the deal at around $100 billion. According to Dow Jones, Broadcom could make the move as early as this weekend. So far, none of the companies made any comments.

Yesterday, US President Donald Trump announced that the American communications chips manufacturer Broadcom Limited will move its headquarters from Singapore back to the US. Its stock jumped 4.43% at 7:58 pm CET to trade at $271.

Qualcomm sued Apple again yesterday alleging that the iPhone-maker shared proprietary Qualcomm technologies with Intel.

Related Stocks

Qualcomm

Two people dead after FSU shooting

6 minutes ago

Two people are confirmed dead and six wounded after the Florida State University (FSU) shooting, Florida State University (FSU) Police Chief Jason Trumbower stated during a press conference."Two victims are deceased and five individuals have been transported to a local hospital with gunshot wounds," Trumbower stated, adding that the suspect, who is believed to have been a student, is also in the hospital.Additionally, it was discovered that the shooter...

Trump: I don't want tariffs to go higher

an hour ago

US President Donald Trump stated Thursday that he doesn't want to escalate tariffs or see further retaliation from China.He expressed concerns that higher tariffs would reduce consumer demand, saying, "At a certain point, I don't want them to go higher." Trump also emphasized that he doesn’t want China to retaliate further, adding that higher tariffs would lead to products being less affordable."Well, at a certain point, I don’t want them to go higher because, at...

Rubio briefs Lavrov on Ukraine talks in Paris

an hour ago

United States Secretary of State Marco Rubio spoke on Thursday with Russian Foreign Minister Sergey Lavrov to inform him about talks on the Ukraine peace held with the Ukrainian delegation and European allies in Paris, the State Department said in a statement."President Trump and the United States want this war to end, and have now presented to all parties the outlines of a durable and lasting peace. The encouraging reception in Paris to the U.S. framework...

Trump: Nippon deal could be part of tariff talks with Japan

an hour ago

United States President Donald Trump said on Thursday that a Nippon deal could be a part of the tariff negotiations with Japan, although he is doubtful about it."I think we're going to view it separately. We want US Steel to remain in the hands of the United States and the people of the United States. I have great respect for Japan, but we don't want a foreign country buying US Steel," Trump said, calling US Steel "one of the most powerful companies in the world"...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.