Broadcom has completed five major acquisitions since 2013. Tan has been aggressive in pursuing major acquisitions, even of larger companies. Case in point: Broadcom Ltd. was formed by the 2016 acquisition of Broadcom Corp. by the smaller Avago Technologies for $37 billion. Tan was CEO of Avago and engineered the deal.
Under the proposal, shareholders would receive $60 cash and $10 worth of Broadcom stock for every share of Qualcomm. According to Broadcom, the total value of the offer is $130 billion including debt.,
"We would not make this offer if we were not confident that our common global customers would embrace the proposed combination," Tan said Monday. "With greater scale and broader product diversification, the combined company will be positioned to deliver more advanced semiconductor solutions for our global customers and drive enhanced stockholder value."
Broadcom announced Thursday (Nov. 2) it would relocate its main headquarters to the U.S. from Singapore, a move hailed by the Trump Administration as a testament to the power of a corporate tax reform proposal currently being pushed by Republican lawmakers.
The Wall Street Journal reported Friday that Marvell Technology is in talks to acquire another communications chip vendor — Cavium Technologies — in a move that would create a company with a combined valuation of about $14.5 billion.
Rick Merritt contributed to this story from Silicon Valley.
— Dylan McGrath is the editor-in-chief of EE Times.