Trump blocks Broadcom's USD 117 billion bid to buy Qualcomm

Mar 13 2018

Trump blocked Broadcom's USD 117 bn bid for chip maker Qualcomm, citing national security concern.

Broadcom's proposed Qualcomm bid blocked on security grounds

Mar 13 2018

Donald Trump blocked Singapore-based Broadcom's $140 billion bid for rival US chipmaker Qualcomm on grounds of national security.

US govt says Broadcom violated order in Qualcomm merger bid

Mar 12 2018

Chipmaker Broadcom violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc, the US Treasury Department said in a letter.

Wall Street bounces higher as chip stocks gain

Mar 12 2018

US stocks advanced, with gains in shares of chipmakers and technology giants helping Wall Street extend last week’s rally that was powered by U.S. jobs data.

Intel Corporation planning to bid for Broadcom: Report

Mar 10 2018

Intel Corporation is reportedly mulling a bid for semiconductor company Broadcom, a month after the latter's proposal to takeover rival Qualcomm was rejected.

US security panel orders delay of Broadcom-Qualcomm showdown

Mar 05 2018

US national security panel ordered Qualcomm to put off its March 6 annual shareholder meeting, showdown company’s attempt to see off a takeover bid by Broadcom Ltd.

Broadcom return to the US could be complete in mid-May: sources

Mar 03 2018

Singapore-based chipmaker Broadcom Ltd, which is seeking to buy rival Qualcomm Inc, plans to complete its move back to the United States by mid-May.

'Secretive US security panel discussing Broadcom's Qualcomm bid'

Feb 27 2018

A national security panel that can stop mergers that could harm US security has begun looking at Broadcom Ltd’s plan to take over rival Qualcomm Inc.

Qualcomm proposes further price talks with Broadcom

Feb 26 2018

In a letter to Broadcom, Qualcomm proposed arranging a meeting focused on price as soon as mutually convenient for both parties.

Qualcomm raises offer for NXP to $127.50/share

Feb 20 2018

Qualcomm Inc raised its offer to buy NXP to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp.

Indian Markets


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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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