Intel, Facing Threat, Considers Deals That Could Include Bid for Broadcom -- Update
March 09 2018 - 6:06PM
Dow Jones News
By Dana Mattioli and Dana Cimilluca
Intel Corp. is considering a range of acquisition alternatives
in reaction to Broadcom Ltd.'s hostile pursuit for Qualcomm Inc.
that could include a bid for Broadcom, according to people familiar
with the matter.
Intel is watching the takeover battle closely and is eager for
Broadcom to fail as the combined company would pose a serious
competitive threat, the people said. If it looks like Broadcom is
likely to prevail, Intel could step in with its offer for Broadcom,
the people said.
Intel has been considering such a move since late last year and
is working with advisers, some of the people said. It is far from
guaranteed that Intel would ultimately make such a move -- one of
the people said it is unlikely -- and the complexity and size of
such a combination would be enormous. Broadcom currently has a
market value of about $104 billion.
It is also possible that Intel ultimately decides to make other,
smaller acquisitions one of the people said. The news of Intel's
review adds a new twist to a takeover drama that has been unfolding
since late last year. Broadcom has waged a monthslong hostile fight
to take over Qualcomm, which would dramatically reshape the
semiconductor industry and have major ramifications for other
players such as Intel.
More to come
(END) Dow Jones Newswires
March 09, 2018 17:51 ET (22:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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