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WSJ: Intel considers deals including Broadcom acquisition; AVGO +6% (updated)

Mar. 09, 2018 5:32 PM ETBroadcom Inc. (AVGO) StockINTC, QCOM, AVGOBy: Jason Aycock, SA News Editor227 Comments
  • Facing some ripples from Broadcom's (NASDAQ:AVGO) hostile bid for Qualcomm (NASDAQ:QCOM), Intel (NASDAQ:INTC) is examining a number of acquisition alternatives, the WSJ reports -- including a bid for Broadcom itself.
  • Broadcom shares have surged postmarket, up 6%; Intel is down 0.3% and QCOM is down 0.8%.
  • Intel would love for Broadcom's pursuit to fail, but if the odds start looking better that it would face a stronger competitor, Intel could step in with its own bid.
  • It's working with advisers, according to the report, though a bid for $104B Broadcom is far from guaranteed.
  • Previously: Qualcomm's former CEO out as board chair (Mar. 09 2018)
  • Previously: Broadcom sends letter to US Congress, denies national security concerns (Mar. 09 2018)
  • Updated 6:33 p.m.: Intel comments to Reuters: It doesn't comment on "rumors or speculation" but says it's focused on previous acquisitions. “We have made important acquisitions over the past 30 months -- including Mobileye and Altera -- and our focus is on integrating those acquisitions and making them successful for our customers and shareholders.”

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