Qualcomm Investors Would Like Broadcom to Increase its Acquisition Offer Sony...

 
 
 
Qualcomm Investors Would Like Broadcom to Increase its Acquisition Offer Sony...

 
xda-developers
Nov 22, 2017 10:30 PM • by Doug Lynch
Qualcomm Investors Would Like Broadcom to Increase its Acquisition Offer

At the start of this month we started to see reports claiming that Broadcom was looking to acquire a well known company within the Android community, Qualcomm. Those reports did indeed turn out to be true because a couple of days later Broadcom officially offered to purchase Qualcomm and all of its assets for $105 billion no matter what the outcome was of the acquisition attempt of NXP Semiconductors. A week later the offer was rejected, but investors of Qualcomm are looking for Broadcom to increase its offer by about $10 per share.

When news broke about Broadcom's attempt to acquire Qualcomm, many highlighted that this would be the largest technology deal in history. Incidentally, that title currently belongs to Broadcom themselves as they were acquired by Avago back in 2015 for $37 billion. While the $105 billion bid of Qualcomm may seem like a lot, the company and its investors feel it undervalues them and this was the reason why they declined the offer earlier this month.

Since then, Broadcom has come out and said they are still "fully committed" about the acquisition so they're continuing to work on an offer that both sides would consider an acceptable deal. Mr. Daniel O'Keefe, a fund manager of the $3.1 billion Artisan Global Value Fund (which owns Qualcomm stock) recently spoke out about the offer and he agrees that Broadcom's first offer undervalues them. However, that doesn't mean they aren't open to an acquisition. They are just looking for something they feel is fair.

The $105 billion bid from Broadcom was based on a $70 per share offer and Mr. O'Keefe feels Broadcom needs to increase that offer by $10 per share. David Rolfe, chief investment officer at Wedgewood Partners Inc., believes the offer has to at least be $80 to get the approval of the shareholders. Daniel Morgan, a vice president at Synovus Trust Co., believes than an offer between $85 and $95 per share will be enough to persuade them to sell.

Whether Broadcom is able to achieve that type of offer is unknown at this time but we expect this story to continue since the company has said they are "fully committed" about acquiring Qualcomm.


Source: Bloomberg




Android Advices
Nov 3, 2017 4:50 PM • by Pavan Kumar B.C
Sony Xperia XZ1 gets $110 price cut in US, now available for $590

Sony's Xperia XZ1 gets another price cut in the US and this flagship device is currently available for $589 on Amazon which is $110 lessor than its previous price. Currently, the Blue color variant is priced at $589 while the other options are available for $599.99. There is no information on how long the price cut will be implemented or till when the offer is valid so the users need to act soon to get their hands on the Xperia XZ1 for a discounted price.

Coming to the device, the Xperia XZ1 was launched a few weeks back and came with a 5.2-inch IPS LCD display with 1080 x 1920 pixels resolutions giving a pixel density of 424ppi with the latest Corning Gorilla Glass 5 protection on top. Moreover, under the hood, there is the Qualcomm Snapdragon 835 SoC Octa-core processor coupled with 4GB of RAM and Adreno 540 GPU. Sony is known for making good camera smartphones and this device comes with a 19MP main sensor with EIS, F/2.0 aperture size, laser autofocus and LED flash.

It also comes with features like touch focus, face/smile detection, panorama, HDR and few other sensors. It is also capable of capturing 2160p videos at 30fps and it will be accompanied with a 13MP camera on the front for video calls and selfies which also comes with EIS and 1/3" sensor. There is a fingerprint sensor on the side to enhance the security levels and has sensors like proximity, parameter, compass and few other.

There is a non-removable Li-Ion 2700 mAh battery on the back and comes with quick charge 3.0 for fast charging. The handset is available in Black, Warm Silver, Venus Pink, and Moonlit Blue color variants. The onboard storage is limited to 64GB which can be extended up to 256GB via microSD card slot. Are you planning to get this device on discounted price? Comment in the section below and stay tuned for more news and updates.

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