Would a Huawei Boycott Unravel the Supply Chain?

This article is part of AspenCore Media’s Special Project on Huawei, dissecting the global impact if China’s telecom equipment giant is sanctioned by the United States and its allies. Huawei Technologies Co. — the controversial Chinese vendor of networking gear and smartphones — faces the real possibility that its telecom equipment will be banned from U.S.…

Broadcom Withdraws Offer to Acquire Qualcomm

Broadcom Limited (NASDAQ: AVGO) (“Broadcom”) today announced that it has withdrawn and terminated its offer to acquire Qualcomm Incorporated (NASDAQ: QCOM) (“Qualcomm”) and has withdrawn its slate of independent director nominees for Qualcomm’s 2018 Annual Meeting of Stockholders. Broadcom today issued the following statement: Although we are disappointed with this outcome, Broadcom will comply with the Order. Broadcom will continue to move forward with its redomiciliation…

Broadcom Blocked From Buying Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) today received a Presidential Order to immediately and permanently abandon the proposed takeover of Qualcomm by Broadcom Limited (NASDAQ: AVGO). Under the terms of the Presidential Order, all of Broadcom’s director nominees are also disqualified from standing for election as directors of Qualcomm. Qualcomm was also ordered to reconvene its 2018…

Qualcomm Raises Bid for NXP

Qualcomm Incorporated (NASDAQ: QCOM) (“Qualcomm”) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has reached an agreement with NXP Semiconductors N.V. (NASDAQ: NXPI) to increase to $127.50 per share its previously announced cash tender offer to purchase all outstanding shares of NXP.  The amended agreement, which was approved by the Qualcomm…

Qualcomm Meets with Broadcom

The Board of Directors of Qualcomm Incorporated (NASDAQ: QCOM) today sent a letter to Broadcom Limited (NASDAQ: AVGO) regarding its February 14 meeting with Broadcom representatives. The full text of the letter is as follows: February 16, 2018 Mr. Hock Tan President and Chief Executive Officer Broadcom Limited 1 Yishun Avenue 7 Singapore 768923 Dear Mr. Tan, I…

Broadcom Secures Funding for Proposed Qualcomm Acquisition

Broadcom Limited (NASDAQ: AVGO) (“Broadcom” or the “Company”) today announced that it has signed committed financing agreements to fund its proposed acquisition of Qualcomm Incorporated (NASDAQ: QCOM) (“Qualcomm”). A group of 12 financial institutions have agreed to provide up to $100 billion of committed credit facilities, including a $5 billion revolving credit facility and bridge financing, and investment funds…