Stepping into the increasingly wild saga that has been Broadcom’s efforts to purchase Qualcomm, the US government is now weighing in by issuing a new order to block the merger of the two companies. Citing national security concerns with the Singapore-based Broadcom acquiring the US-based Qualcomm, President Trump issued an order under the Defense Production Act of 1950 to prohibit the proposed acquisition or any similar transaction, effectively ending Broadcom’s acquisition efforts. Given what would have potentially been the largest acquisition to date in the technology industry, Broadcom’s acquisition efforts had already attracted the attention of Committee on Foreign Investment in the United States (CFIUS), who was investigating the buyout. However in exercising his own authority based on the CFIUS’s recommendations, the President has blocked...
Western Digital announced in a press conference this afternoon that they have reached a settlement agreement with Toshiba over Western Digital's objections to the sale of Toshiba's stake in...11 by Billy Tallis on 12/12/2017
Silicon Labs has announced that it had reached a definitive agreement to acquire Sigma Designs in a cash transaction valued at $282 million. By taking over Sigma Designs, Silicon...5 by Anton Shilov on 12/11/2017
Marvell and Cavium on Monday announced that they had reached a definitive buyout agreement. Under the terms of the transaction, Marvell will acquire all outstanding shares of Cavium for...11 by Anton Shilov on 11/21/2017
Qualcomm has announced today that the Board of Directors has rejected Broadcom’s proposal to acquire the company for around $105 billion. The BOD believes that Broadcom’s offering undervalues Qualcomm...14 by Anton Shilov on 11/13/2017
Broadcom on Monday said that it had proposed to acquire all of the outstanding shares of Qualcomm for $105 billion in total for cash and stock. If the buyout...12 by Anton Shilov on 11/7/2017
The latest and possibly final round of bidding for Toshiba's memory business concluded today with Toshiba's board selecting a consortium led by private equity firm Bain Capital as the...12 by Billy Tallis on 9/20/2017