• Posted byby Kellen

Qualcomm’s Board Unanimously Says “No Thanks” to Broadcom

Just last week, we were talking about the possibility that Broadcom might soon own Qualcomm, thanks to an unsolicited offer the company sent to the San Diego based chip maker. Today, Qualcomm announced that its board unanimously voted to reject Broadcom’s offer.

The press release talks about the proposal “significantly” undervaluing Qualcomm because of their leadership position and growth prospects. It also mentions Qualcomm’s opportunities to create even more value for shareholders, especially as we approach the transition to 5G.

So yeah, Broadcom is not buying Qualcomm unless they significantly up their offer. Even then, I’m not sure Qualcomm would bite.

// Qualcomm

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Kellen

It’s not often that you get to merge personal passions into a professional life, but that’s what Kellen did when he launched Droid Life in 2009. After working years of unsatisfying jobs in the medical and property management fields, he took a risk to try and create an online community while playing with the coolest gadgets on the planet each day, a risk that has turned out to be incredibly rewarding. Outside of Droid Life, Kellen is your typical Portlander who drinks way too much good beer, complains often about the Trail Blazers, and can be found out on the streets for a run, rain or shine.

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13 Comments

    • 1. I have no idea how $112B Broadcom with $5B in cash is able to offer $130B for Qualcomm.
      2. Broadcom definitely can’t be able to offer even more.
      3. Qualcomm is co confident in its “in every Android despite mounting lawsuits” future? > Exynos, Kirin?;)

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    • I thought they will be able to buy out any of those companies. Considering HTC relationship with Google and the fact that Nokia and BlackBerry, at this point mainly licence out the name to 3rd party companies

  • err. as of this morning… Qualcomm is valued at a little south of 100 Bil. so, they gave them a little more than market value(I could be misreading the numbers). But they said no because they arent being offered some imaginary potential number they could be valued(like 125 Bil). Honestly, I think Qualcomm should have just taken the offer.

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