Deals
Intel Weighs Possible Defensive Bid for Broadcom, WSJ Reports
This article is for subscribers only.
Intel Corp. is considering a bid for Broadcom Ltd. as part of a range of acquisition alternatives in reaction to the Singapore-based chipmaker’s bid for U.S. rival Qualcomm Inc., the Wall Street Journal reported, citing people familiar with the matter.
Intel, the world’s second-largest semiconductor maker, is keeping a close eye on the $117 billion takeover battle and is eager for Broadcom to fail, because the combined company would pose a competitive threat, the Journal reported. If Broadcom seems set to prevail, Intel could step in with its own offer, the newspaper reported. Intel has been considering such a move since late last year and is working with advisers, according to the Journal.