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WSJ: Intel considers deals including Broadcom acquisition; AVGO +6%

Published 03/09/2018, 05:32 PM
© Reuters.  WSJ: Intel considers deals including Broadcom acquisition; AVGO +6%
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  • Facing some ripples from Broadcom's (NASDAQ:AVGO) hostile bid for Qualcomm (NASDAQ:QCOM), Intel (NASDAQ:INTC) is examining a number of acquisition alternatives, the WSJ reports -- including a bid for Broadcom itself.
  • Broadcom shares have surged postmarket, up 6%; Intel is down 0.3% and QCOM is down 0.8%.
  • Intel would love for Broadcom's pursuit to fail, but if the odds start looking better that it would face a stronger competitor, Intel could step in with its own bid.
  • It's working with advisers, according to the report, though a bid for $104B Broadcom is far from guaranteed.
  • Previously: Qualcomm's former CEO out as board chair (Mar. 09 2018)
  • Previously: Broadcom sends letter to US Congress, denies national security concerns (Mar. 09 2018)
  • Now read: Intel: More Than Just Laptops And PCs


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