It’s finally official. What can be the deal of the decade, Broadcom has offered whooping $130 Billion to buy the Big Semiconductor company. Business Insider reports that Broadcom has offered Qualcomm shareholders $60 in cash and $10 per share in Broadcom shares. We reported last week that Broadcom was preparing to offer around $100 worth in terms of cash and stock, and it looks like its much more than that.
Our proposal provides Qualcomm stockholders with a substantial and immediate premium in cash for their shares, as well as the opportunity to participate in the upside potential of the combined company,” said Hock Tan, Broadcom’s CEO, in a statement.
This complementary transaction will position the combined company as a global communications leader with an impressive portfolio of technologies and products,” Tan said. “We would not make this offer if we were not confident that our common global customers would embrace the proposed combination.”
That said, the merger between the two big companies (the fourth and sixth-largest semiconductor companies) will have to go through the scrutiny of the Department of Justice for antitrust concerns.
As per the reports that showed up previously, it has been tough for Qualcomm being hit by many factors, this will not only help them in those matters but also build a strong competition.