Broadcom eyes mega-deal for US chip rival Qualcomm: reports

Broadcom eyes mega-deal for US chip rival Qualcomm: reportsShares of Qualcomm jumped nearly 13 percent Friday after unconfirmed media reports said rival computer chip giant Broadcom may make an unsolicited takeover bid. Broadcom is considering an acquisition plan, which it could put into motion as soon as this weekend, The Wall Street Journal reported, citing an unnamed source it said was familiar with the matter. Shares in Qualcomm closed up 12.71 percent to $ 61.81 on the Nasdaq exchange, valuing the company at $ 91 billion.



Yahoo News – Latest News & Headlines