Rumor: Intel Wants to Acquire Broadcom to Stop Merge With Qualcomm
It’s no secret that networking company Broadcom has expressed interest in acquiring Qualcomm, another large chip manufacturer. The company was reportedly willing to pay more than 100 billion USD for the takeover, but it appears that Intel is now considering a bid on Broadcom according to CNBC and The Wall Street Journal.
Intel isn’t too keen on these two companies partnering up, most likely because Qualcomm would be able to pose a much larger threat to Intel in the chip market if it were to be acquired by Broadcom. It’s now being reported that the Santa Clara company wants to stop this acquisition from happening by taking over Broadcom entirely.
At the moment, it still remains unclear how much the company is considering to bid for the potential acquisition of Broadcom, but the rumors have already had its effect on the trade market. Intel’s shares decreased by 1%, while Broadcom’s shares saw a healthy value increase at six percent. Qualcomm’s stock value seems unaffected by the news.
According to The Wall Street Journal, the deal is most certainly not guaranteed and is rather unlikely. Intel refused to comment on rumors, although they did mention that they have made important acquisitions in the past and are making them successful for both customers and shareholders. Broadcom was unavailable for comment.