$19B wiped off Broadcom market value following surprise CA bid
Broadcom’s surprise bid to buy CA for US$18.9 billion wiped off the same amount in market value as investors struggle to find a reason for the deal.
Broadcom’s surprise bid to buy CA for US$18.9 billion wiped off the same amount in market value as investors struggle to find a reason for the deal.
Broadcom plans to acquire CA Technologies in a US$19 billion deal aimed at diversifying the tech giant beyond semi-conductors.
Broadcom has laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems.
Jason Baden has exited his role as country manager of Brocade across A/NZ, taking up the leadership role of F5 Networks locally.
Broadcom is likely to pursue smaller acquisitions of chipmakers after its failed hostile takeover bid to acquire rival Qualcomm.
Sources indicate Broadcom is planning to scrap its bid for Qualcomm after US President, Donald Trump, blocked its proposed acquisition on national security grounds.
US President, Donald Trump, has blocked semiconductor maker Broadcom’s proposed takeover of Qualcomm on grounds of national security.
A US Government national security panel has identified potential risks that warrant a full investigation of Broadcom’s US$117 billion bid for Qualcomm.
Qualcomm urges Broadcom to enter into price negotiations for the first time, a potential step toward a deal after four months of disagreement.
Qualcomm has met with Broadcom, the first time the chipmakers have discussed what would be the technology sector's largest ever acquisition.
Qualcomm has rejected Broadcom’s revised US$121 billion buyout offer, but agrees to meet to discuss "serious deficiencies".
Chipmaker sweetens bid to buy Qualcomm by ratcheting up pressure on rival to come to the table for negotiations in its "best and final offer".
Broadcom appears to be positioning itself for a hostile bid to take over Qualcomm, after it rejected Broadcom's US$103 billion cash-and-stock bid last month.
Chipmaker Broadcom considers raising offer to buy Qualcomm by offering more of its own stock, following consultation with several shareholders.
Qualcomm, is set to win “imminent” Japanese antitrust clearance for its US$38-billion bid for NXP Semiconductors, cources indicate.