Which company is bigger, Broadcom or Qualcomm?

Of course Broadcom is bigger, because when the two companies came into contact, Broadcom wanted to acquire Qualcomm, but Qualcomm was unwilling and believed that it was more valuable, but it did not raise any anti-acquisition issues. Obviously The two company levels are not of the same order of magnitude.

Qualcomm officially rejects Broadcom’s acquisition: US$130 billion, underestimating us.

According to reports: On the evening of November 6, the American communications chip manufacturer Broadcom announced through its official website that it would spend US$130 billion to acquire Qualcomm. If this transaction succeeds, it will become a historic milestone in the semiconductor industry. The largest merger and acquisition transaction in history. Qualcomm responded on November 7 that it would conduct an evaluation. Yesterday, Qualcomm officially rejected Broadcom’s acquisition. Let’s look at the details below.

Qualcomm rejects Broadcom acquisition

On November 12, Qualcomm announced that the company’s board of directors rejected Broadcom’s $130 billion acquisition proposal on November 6. Qualcomm's executive chairman, CEO and presiding directors expressed the opinions of the company's board of directors respectively.

Qualcomm Executive Chairman Paul Jacobs said this: "The company's board of directors unanimously believes that Broadcom's offer underestimates the value of Qualcomm."

Qualcomm CEO Steve Steve Mollenkopf said: "Qualcomm has advantages than any other company in the fields of mobile, Internet, automobile, edge computing and networking. We believe that we can create more additional value for shareholders." Value."

Qualcomm

Qualcomm Presiding Director Tom Horton said: "The company's board of directors and management are focused on creating value for the company's shareholders. After a comprehensive evaluation with the help of legal counsel, the board of directors unanimously concluded that Broadcom’s offer seriously underestimated the value of Qualcomm.”

This means that the dual-com merger will not occur. People familiar with the matter had previously predicted that Qualcomm would reject Broadcom from two aspects: low quotation and government anti-monopoly. As expected, it turned out that Qualcomm would reject Broadcom.

Broadcom

However, Broadcom still does not give up. Broadcom CEO said: "We still believe that our proposal is the most attractive and capable that Qualcomm shareholders have ever seen. "A lot of people have expressed to us that they would like to see Qualcomm sit down with us and discuss our proposal. We remain very inclined to have positive interactions with Qualcomm's board of directors and management. ”

It can be seen that what will happen between Broadcom and Qualcomm is not over yet.