Intel considers possible bid for Broadcom - report

Monday 12 March 2018 | 08:48 CET | News

Intel is considering a range of options in reaction to Broadcom's hostile bid for Qualcomm that could include a bid for Broadcom itself, people familiar with the matter told the Wall Street Journal.

Intel is watching the takeover battle closely and is eager for Broadcom to fail as the combined company would pose a serious competitive threat, the report said. If it becomes apparent that Broadcom is likely to prevail, Intel could step in with its own offer for Broadcom, according to the WSJ's sources. 

Broadcom has a market cap of around USD 104 billion, while Intel, the world's largest chipmaker, is valued at almost USD 240 billion. 

Shareholder vote

Separately, Broadcom announced a shareholders meeting is planned for 23 March. Shareholders will vote on its plan to move its headquarters from Singapore to the US. 

The foreign headquarters has already sparked an investigation by the US government into the possible implications for national security if Broadcom acquires Qualcomm. Broadcom also sent a letter to members of the US Congress in an attempt to allow concerns about the takeover. 

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