03-11-2017 20:54 via yahoo.com

Broadcom eyes mega-deal for US chip rival Qualcomm: reports

Shares of Qualcomm leapt on Friday after unconfirmed media reports said rival computer chip giant Broadcom may make an unsolicited takeover bid.Broadcom is considering an acquisition plan, which it could put into motion as soon as this weekend, the Wall Street Journal reported, citing an unnamed source it said was familiar with the matter.The news came a day after Broadcom chief executive Hock Tan appeared at the White House with President Donald Trump to announce plans to move the tech company
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