According to sources Qualcomm is not aware of the details of Broadcom's bid and the company has yet to make any comment.
Qualcomm and Broadcom have patent portfolios in wireless communications that are largely adjacent to each other, and antitrust concerns over any proposed deal could be muted because the companies have few areas of overlap beyond Wi-Fi solutions for wireless routers, Bluetooth drivers and some RF semiconductors.
Broadcom has reportedly made an unsolicited offer to buy Qualcomm in a deal valued at $130 billion, which, if it succeeds, would be the largest acquisition in tech history.
Qualcomm's chips and patents affect nearly every smartphone model in the world, and Broadcom is offering $70 a share, which is a 28pc premium on Qualcomm's closing stock price last Thursday (2 November) according to a report in The New York Times.
In a statement, the company said: "Qualcomm Board of Directors, in consultation with its financial and legal advisors, will assess the proposal in order to pursue the course of action that is in the best interests of Qualcomm shareholders".
The deal represents a 28% premium to Qualcomm's share price prior to rumors of the deal which sent the stocks higher last week.
Broadcom today (6 November) revealed a $105bn takeover bid for Qualcomm, a move that would see the creation of a giant in the chip-making world. The company has gone so far with its Apple fight that it recently filed a lawsuit seeking to ban sales of the iPhone in China.
Such a massive deal has the potential to invite scrutiny from regulators, but Broadcom CEO Hock Tan said in a letter to Qualcomm that he was confident that the transaction would not raise any red flags for antitrust enforcers.
If the offer is accepted, it could indeed push the new company into serious competition with semiconductor leaders Intel and Samsung.
Yes, Hoffman was inappropriate and Hunter was underage, but she also admired him and often thought he was amusing and charming. Wendy Riss Gatsiounis says she refused to go to the hotel with Dustin Hoffman , which didn't go over particularly well.
Instead of the struggling rookie we saw in the first eight games, McCaffrey more like the guy Carolina drafted out of Stanford. Cornerback James Bradberry slipped on the very first play of the game and fell down, ceding a catch of 34 yards to Jones.
However, Turnbull declined, saying he preferred to pursue an existing refugee deal negotiated earlier with former U.S. Doesn't change that what Australia has done to these men on Manus is appalling, ' Crowe said.
Robert Mueller's investigation into Russian involvement in the 2016 presidential election may be inside the White House soon. The report indicates that Mueller's investigation is moving at a quick, steady pace.
The number of people killed and injured has not been confirmed by authorities, but children are believed to be among the victims. First Baptist Church Pastor Frank Pomeroy told USA broadcaster ABC his own 14-year-old daughter Anabelle was among the dead.
Typically, smoke detectors should be replaced every 10 years, and carbon-monoxide detectors should be replaced every five years. Make sure everyone in the household knows how to get out of every room and how to get out of the home in less than two minutes.
'Jimmy Fallon's mother, Gloria, died peacefully on Saturday, ' a Fallon family spokesperson said in a statement. Back in June, he told Howard Stern that his mother was a "total square" and used to be a nun.
The Lebanese prime minister Saad Hariri has unexpectedly resigned during a trip to Saudi Arabia , warning his life was in danger. The government have managed to avoid the country being embroiled in the worst of the conflict taking place in neighbouring Syria.
OnePlus 5T will be officially unveiled on 16 November
Also, the device is shown to be running the Android 7.1.1 Nougat operating system and not the latest Android Oreo. More importantly, perhaps, the company's CEO, Pete Lau, has hinted broadly at the pricing of the OnePlus 5T .
Flanagan, Kamworor win in New York Marathon
Flanagan became the first American woman since Miki Gorman in 1977 to win the race, finishing in an unofficial time of 2:26:53. Keitany had won three straight NY marathons, but Flanagan pulled away from the Kenyan great with about three miles to go.
Verlander Wins World Series Then Marries Kate Upton
Hurricane candles lined the staircase up to the top and each guest took a name card with their name written in black calligraphy. At the end of the 30 minute ceremony, everyone walked back down the stairs and to a reception at the restaurant on the property.