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Qualcomm Raises Offer to Buy NXP Semiconductors

US chipmaker Qualcomm raised its offer to buy NXP Semiconductors NV to $127.50 (roughly Rs. 8,265) per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the previous proposal. Qualcomm said it needs to buy a minimum 70 percent of NXP’s outstanding shares in a tender offer, instead of the 80 percent required in the earlier agreement. The latest offer values NXP at $44 billion (roughly Rs. 2.85 lakh crores). NXP’s shares were up 6.5 percent at $126.15 in premarket trading. The stock has…

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Qualcomm Rejects Broadcom’s Unsolicited $103-Billion Takeover Bid

Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd’s $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm were up 1.8 percent at $65.74 in early afternoon trading, while those of Broadcom were down 0.4 percent at $263.95. Broadcom said it would seek to engage with Qualcomm’s board and management, adding that it had received positive feedback from key customers and stockholders. “We continue to believe our proposal represents the most attractive, value-enhancing alternative available to Qualcomm stockholders and we are encouraged by their reaction,”…

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Qualcomm Files 17 New Lawsuits in China Courts In opposition to Telephone Maker Meizu

Qualcomm Inc has filed 17 fresh Lawsuits in China Towards Meizu Generation Co, stepping up its struggle with the Chinese language Cellphone maker after the 2 were unable to reach a licensing accord inside the US tech massive’s largest market. The patent infringement Lawsuits via Qualcomm, submitted to intellectual property courts in Beijing and Shanghai on Thursday, mark the second one time in a week it has taken legal action In opposition to Meizu, certainly one of China’s pinnacle 10 handset providers. It filed its first complaint in Beijing closing…

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