It is said that if Broadcom merges with Qualcomm, combination of Broadcom with Qualcomm will make Broadcom third largest Chip makers in the world. Qualcomm apparently isn't happy with the offer, with Bloomberg saying that Qualcomm thinks the deal "undervalues the company".
Western Alberta unemployment rate unchanged in October
Unemployment was 6.7 per cent during the month, up from 6.5 per cent in September. 2,100 more people claimed unemployment. Since January of this year, unemployment in the United States has decreased by seven tenths of a percentage point.
Qualcomm's chips and patents affect nearly every smartphone model in the world, and Broadcom is offering $70 a share, which is a 28pc premium on Qualcomm's closing stock price last Thursday (2 November) according to a report in The New York Times. The proposed transaction would be valued at approximately $130 billion, including $25 billion of net debt. The statement said that there would be no further comment from the company until the assessment was completed. In other words, don't expect this deal to close anytime in the near future.
"We believe the combination could create shareholder value through potential accretion, synergies, increased share with Apple and Samsung; in addition, Broadcom could potentially settle the licensing dispute with Apple in a more-timely manner than could Qualcomm, given Broadcom's strong relationship with Apple".
Virat Kohli blames poor batting for loss to NZ
India drafted in the debutant Mohammad Siraj in the place of Ashish Nehra who retired from global cricket after the previous game. Ashish Nehra bowed out of worldwide cricket on his home turf with an economical spell of four overs for 29 runs.
The deal would dwarf Dell Inc.'s $67 billion acquisition of EMC in 2015 - then the biggest in the technology industry. "We estimate Qualcomm/NXP Semiconductors would drive over $13 in earnings per share accretion and result in consolidated earnings per share of $32.06, resulting in fair value of $465".
Jaguars assert their dominance over Bengals, 23-7
Bortles passed 37 and 28 yards to tight end Marcedes Lewis and wide receiver Keelan Cole , respectively. Jacksonville out-gained the Bengals 249-117 and possessed the ball for 21:27 in the first half.
And a premium of 33 per cent on Qualcomm's "unaffected 30-day volume-weighted average price".
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