Qualcomm shares surge 13% on talk of $100 billion takeover by Broadcom

Markets Insider

With its profits plummeted more than 90 percent in the latest earnings call, Qualcomm could be fighting a losing legal battle with Apple, giving Broadcom the ideal opportunity to acquire the chipmaker in what could be the largest chip business acquisition ever.

Broadcom shares also gained ground on the Nasdaq, rising more than four percent to $271.20, in a possible sign that the market saw merit in the acquisition.

Dow Jones reported Broadcom plans to make a bid for Qualcomm as early as this weekend.

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He said the England U21 striker, who turned down a chance to play for the Super Eagles, deserves his chance with the Three Lions.

Broadcom Chief Executive Officer Hock Tan is a voracious acquirer, and he's played a key role in a wave of consolidation engulfing the $300 billion semiconductor industry over the last three years.

Analysts have spent the last 24 hours speculating that one reason Broadcom is moving its headquarters to the US from Singapore is that it makes USA acquisitions easier. NXP is one of the largest makers of chips for vehicles and expanding into self-driving technology. A legal battle with Apple is costing revenue and jeopardizing a business model that for years made Qualcomm one of the most successful chipmakers.

Stockholders could be the reason for this jump in the price but the reason why they might be going through with this plan is that Qualcomm is now in a legal dispute with Apple, who has been a long-term client of the chipmaker for its modem business. Maybe they were right.

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They are now performing in the Premier League and doing well. "That's only going to build their confidence and benefit us as a country".

At issue between Qualcomm and Apple are licensing fees the chipmaker charges for patents that cover the basics of how mobile phone systems work.

Though Qualcomm has yet to provide a comment, it is going to be up to the US regulators to decide how this acquisition is going to go down.

The company is one of the region's largest private employers, and the family of co-founder Irwin Jacobs is one of the area's most generous philanthropists. The deal is facing regulatory scrutiny in Europe and opposition from some shareholders including activist hedge fund firm Elliott Management Corp., which has argued the offer undervalues NXP.

Papa John's CEO Blames NFL Protests On Poor Pizza Sales
Ergo, Papa John's woes are the NFL's fault. "The controversy is polarizing the customer, polarizing the country", Schnatter said. Papa John's has been the NFL's official pizza sponsor since 2010.

The two companies are already involved in big deals from about a year ago.

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