Sunday, October 21, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Could Charge Android Partners in Europe up to $40 per Device
Samsung Display Develops Under Panel Sensor, Fingerprint On Display AMOLEDs
The 9th Generation Intel Core i9-9900K is Actually the World's Best Gaming Processor
European Commission Approves Acquisition of GitHub by Microsoft
Samsung, LG Launch Trade-in Promotions to Help Sales Of Latest Flagship Smartphones
Fujitsu's Cooling Control Technology Reduces Datacenter Energy Consumption
Tesla Unveils new $45,000 Model 3
Micron Wants to Buy Remaining Interest in IM Flash Technologies to Advance the 3D XPoint Technology
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Qualcom...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, February 20, 2018
Qualcomm Sweetens Offer for NXP


Qualcomm has increased its bid for NXP Semiconductors NV by 16 percent from $110 a share to $127.50 a share, as the company is trying to win NXP shareholders approval.

The increased bid, which values NXP at $44 billion, is a response to NXP investors who have called for a higher price. But it is also helping Qualcomm to better fight off the $121 billion acquisition attempt from rival Broadcom Ltd.

Broadcom has said its bid for Qualcomm is contingent on the NXP deal going through at the previous price.

Qualcomm has also lowered the minimum threshold needed to win approval for the NXP deal to 70 percent, the company said in a statement Tuesday.

Qualcomm said the deal for NXP has won approval from eight of nine required government regulatory bodies. Approval is still needed from China's ministry of commerce.

Steve Mollenkopf, Chief Executive Officer of Qualcomm Incorporated, said, "Qualcomm's leading SoC capabilities and technology roadmap, coupled with NXP's differentiated position in Automotive, Security and IoT, offers a compelling value proposition. We remain highly confident in our fiscal 2019 Non-GAAP EPS target of $6.75-$7.50, which includes $1.50 per share accretion from the acquisition of NXP. With only one regulatory approval remaining, we are working hard to complete this transaction expeditiously. Our integration planning is on track and we expect to realize the full benefits of this transaction for our customers, employees and stockholders."

Qualcomm is holding a meeting on March 6, where shareholders will vote on a slate of Broadcom nominees to the board. Qualcomm's management insists that Broabcom's take over offer the company is low.

Proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services Inc. support Broadcom and recommends Qualcomm stockholders vote on the BLUE proxy card "FOR" four of Broadcom's independent director nominees.

Qualcomm's tender offer for NXP is valid until March 5.


Previous
Next
Hatch Entertainment to Use Qualcomm Centriq 2400 Processors For Cloud Gaming Service        All News        KT, Qualcomm and Samsung Achieve Multi-vendor 5G NR Interoperability on Path to Mobile 5G NR Trials
"Fox Nation" Streaming Service To Debut in 4Q     General Computing News      Sony to Build Taxi-hailing System

Get RSS feed Easy Print E-Mail this Message

Related News
Qualcomm Releases 60GHz 802.11ay Wi-Fi Solutions
ITC Judge Found Apple Infringing Qualcomm's Patent But iPhones Won't Be Banned
Qualcomm Says Apple Gave Modem Secrets to Intel
Qualcomm Snapdragon Wear 3100 Platform Supports New Ultra-Low Power System Architecture for Smartwatches
Qualcomm and Ericsson Conduct 3GPP-compliant 5G NR mmWave OTA Call with a Mobile Form Factor Device
Qualcomm's New aptX Adaptive Designed to Bring Dynamic Wireless Audio to Gaming, Video and Music
Qualcomm and China's Datang Demonstrate First Multi-Chipset Vendor C-V2X Direct Communication Interoperability
Qualcomm Starts Sampling 7nm Mobile SoC
Qualcomm Officially Ends $44 billion NXP Bid
Qualcomm to Scrap NXP Deal
DARPA to Work With Nvidia, Qualcomm, IBM and Intel on Post-Moore's-law Projects
Qualcomm Delivers 5G NR mmWave and Sub-6 GHz RF Modules for Smartphones

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .