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Broadcom Offers $105 Billion for Qualcomm in Landmark Deal

  • Offer stands regardless of outcome for Qualcomm’s NXP offer
  • Combination would make Broadcom the third-biggest chipmaker
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Broadcom Proposes $105 Billion Deal for Qualcomm
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Broadcom Ltd. offered about $105 billion for Qualcomm Inc., kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry.

Broadcom made an offer of $70 a share in cash and stock for Qualcomm, the world’s largest maker of mobile phone chips. That’s a 28 percent premium over the stock’s closing price on Nov. 2, before Bloomberg first reported talks of a deal. The proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt.