💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

CNBC: Microsoft and Google spoke to Qualcomm against Broadcom offer

Published 12/08/2017, 04:25 PM
© Reuters.  CNBC: Microsoft and Google spoke to Qualcomm against Broadcom offer
MSFT
-
GOOGL
-
QCOM
-
AAPL
-
AMZN
-
AVGO
-
GOOG
-
  • CNBC sources say Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL) have spoken to Qualcomm (NASDAQ:QCOM) about concerns related to Broadcom’s (NASDAQ:AVGO) acquisition offer.
  • The tech giants are worried that Apple (NASDAQ:AAPL) stands to benefit from the deal. Broadcom is an Apple supplier while Qualcomm and Apple have a legal battle underway.
  • The companies also worry that Broadcom could get in the way of Qualcomm’s 5G investment.
  • The sources say Qualcomm asked Microsoft and Google not to make public statements against the deal. Qualcomm wants to see if Broadcom will up its $70 per share offer to above $80.
  • Previously: Digitimes: Apple suppliers shipments down on month, expect weak Dec. (Dec. 8)
  • Now read: Why Amazon (NASDAQ:AMZN) Is Google's Greatest Threat


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.