In addition, according to Presiding Director of Qualcomm Tom Horton, there was also "significant regulatory uncertainty" which put Qualcomm on edge - which could have led to outright regulatory rejection, complicated discussions, and a long road to meet legal requirements and maintain value. CEO Hock Tan last week, saying the company is likely to relocate its headquarters from Singapore to the United States. "ORCRP002286-topic.html" class="local_link" >Broadcom's unsolicited $103 billion bid as too low, setting the stage for a hostile proxy fight for control of the company.
The company's board of directors will cycle in the coming weeks.
The original approach came on November 6, when Broadcom offered $70 per share for Qualcomm.
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The sources asked not to be identified because the deliberations are confidential.
Broadcom shares are down $1.96, or 0.7%, at $263.
ZDNet has reached out to Broadcom and will update if we hear more.
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Mr Johnson has since said the government has "no doubt" she was on holiday "and that was the sole goal of her visit". It comes as another Cabinet minister, Michael Gove, was also criticised for comments about the jailed Briton.
Qualcomm, an early pioneer in mobile phone chips, supplies so-called modem chips to phone makers such as Apple, Samsung and LG that help the phones connect to wireless data networks.
Broadcom doesnt care about the outcome of that deal it has stated that it wants to acquire Qualcomm with or without NXP.
Qualcomm stock, which rallied on the report of the offer, has traded below the bid price on skepticism that a transaction can be completed.
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So there is a chance the Galaxy A series for 2018 could come with a new "Infinity Display " without any home button on the front. Samsung Galaxy A series is the mid-range premium one from the company with the A7, A5 and A3 usually being launched.
A sale to Broadcom would also need a nod from the antitrust officials, who are still considering Qualcomm's purchase of NXP.