Hock Tan

Broadcom raises Qualcomm hostile bid to about US$121 bil
(Feb 5): Broadcom has raised its bid for Qualcomm Inc. to about US$121 billion ($160 billion), in an attempt to force what could be the largest-ever technology deal. The new offer of US$82 a Qualcomm share will be Broadcom’s “best and final,” according to a statement Monday. The deal would take the form of US$60 in cash and the remainder in Broadcom shares. That would represent a 50% ...
Broadcom swings back to the black in 4Q with higher than expected US$636 mil earnings
SINGAPORE (Dec 7): Broadcom reversed back into profitability in 4Q ended Oct as the chipmaker makes a US$105 billion ($142 billion) bid for Qualcomm Inc. In the latest quarter, Broadcom swung to higher than expected earnings of US$636 million, or US$1.50 a share, compared with a loss of US$632 million, or US$1.59 per share, a year earlier. On an adjusted basis, earnings grew to US$4.59 per ...
Broadcom presses on in takeover bid; proposes to replace Qualcomm's board of directors
SINGAPORE (Dec 5): Broadcom is now proposing to unseat the board of directors at rival company Qualcomm, after facing multiple rejections in its quest to take over the latter. The Nasdaq-listed chipmaker on Monday announced its intention to nominate a slate of 11 “independent, highly-qualified individuals” to be elected on Qualcomm’s board of directors prior to the latter’s 2018 Annual ...
Singapore's entrepreneurial scene looks less boring with spate of megadeals
SINGAPORE (Nov 30): Back in 2002, as the city-state was emerging from its worst recession since 1964, the government was getting impatient over the economy's disproportionate reliance on multinationals and a handful of globally competitive state-backed firms like Singapore Airlines. A panel on "entrepreneurship and internationalisation" noted that only 5% of Singaporeans ran their own ...