.
MergerLinks Header Logo

New Deal


Announced

Broadcom withdrew its $130bn offer for Qualcomm.

Financials

Edit Data
Transaction Value£99,389m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium28%
One Off Charge-

Tags

Edit

Semiconductors

Majority

Single Bidder

Friendly

mobile devices

semiconductors

manufacturing

design

United States

Cross Border

Failed

Public

Acquisition

Synopsis

Edit

Broadcom, a semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, withdrew its $130bn offer for Qualcomm, a semiconductor company, soon after US President Donald Trump blocked the attempt, citing national security concerns. "Although we are disappointed with this outcome, Broadcom will comply with the Order. Broadcom will continue to move forward with its redomiciliation process and will hold its Special Meeting of Stockholders as planned on March 23, 2018. Broadcom's Board of Directors and management team sincerely appreciate the significant support we received from the Qualcomm and Broadcom stockholders throughout this process," Broadcom.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US