Broadcom uses tactic from 80s to sell Qualcomm offer

NEW YORK: Broadcom Ltd is using a tactic popularised by corporate raiders in the 1980s to convince Qualcomm Inc and its shareholders that it has the means to complete the biggest tech deal ever.

A group of the world’s biggest banks have told Broadcom they are “highly confident” that they’d be able to arrange financing for the US$105bil offer in debt markets.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , Broadcom , play , letter


Next In Business News

BPlant, KLK clarify Boustead-KLK deal is still pending final decision
Marine & General's outlook for upstream, downstream divisions remains positive
AirAsia secures five-year term loan facility of up to US$150mil
Ringgit ends marginally lower against US$
ACE Market-bound SSD Home's IPO oversubscribed 8.25 times
Bursa Malaysia ends marginally higher amid mixed regional markets
NetX, Saudee unit to launch fast-food chain
HLB, HLISB and Cagamas conclude RM300mil green assets transaction
Malaysia maintaining 4-5% GDP growth forecast for 2023 - Ahmad Maslan
Scale up Islamic capital market to play greater role in global sustainable projects - SC

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia

    Others Also Read