Home > Industry > Finance > Intel To Weigh In Broadcom Bid

Intel To Weigh In Broadcom Bid

Intel is considering a range of acquisition alternatives in reaction to Broadcom’s hostile pursuit for Qualcomm. That could include a bid for Broadcom from Intel, market watchers say.

Intel has been mulling a move since late last year and is working with advisers on a bid for Broadcom, which has a market value of about US$104 billion.

That appeared to lengthen the odds that Broadcom and its chief executive, Hock Tan, would succeed in their pursuit of Qualcomm, which has rejected the $117 billion offer as too low.

Qualcomm, looking to assert its board’s independence, said Paul Jacobs would no longer be executive chairman. Jacobs, the son of Qualcomm co-founder Irwin Jacobs, will remain on the board. Current board member Jeffrey Henderson was named non-executive chairman.

You may also like
Finally, Intel Faces Real Threat In PC Chip Market
Qualcomm Unveil Rival Huawei 5G Chipset
No Apple 5G iPhone Till 2020, Samsung To Launch Next Year
Court Date Set For Apple & Qualcomm
HTC & Qualcomm Partner On 5G Device