An acquisition attempt by Broadcom that undervalues the company. Lawsuits from government agencies and the biggest tech company in the world. New spotlight products in collaboration with Microsoft and its OEMs.

In the laundry hopper that Qualcomm is tumbling in right now, the company is facing immense pressure to deliver value to shareholders. One of the ways it hopes to do so is a pending acquisition of NXP Semiconductors at $110 per share — that’s about $38 billion.

However, Elliott Management, which has a 6 percent stake in NXP, is arguing that the acquisition put an artificial cap on NXP’s share price growth, saying that it actually should be worth more like $135 per share or $46.6 billion. Reuters reports that Elliott has been staking this position since August.

Qualcomm has responded, saying that it is undeterred by Elliott’s opinion.

Elliott’s value assertion for NXP is unsupportable and is clearly nothing more than an attempt to advance its own self-serving agenda. We remain fully committed to closing the acquisition of NXP and believe that the agreed-upon price of $110 is full and fair.

Broadcom, which is in pursuit of buying Qualcomm, has said that the consummation of the NXP deal will not change its $105 billion valuation of its rival.

You May Also Like
Snapdragon 7c 8c

Snapdragon 7c and 8c enable cheaper ARM laptops

With the two Snapdragon 7c and 8c ARM processors, Qualcomm enables cheaper, and faster Windows laptops, which we’ll likely see on shelves in 2020.

Pocketnow Daily: iPhone 12 with 5 Variants… Yes, FIVE!(video)

On today’s Pocketnow Daily, we talk about predictions that give us 5 iPhone in 2020, new 8K video recording in the Galaxy S11 and more

Today’s deals include products from Apple, Samsung, Sony and Google

There are many interesting deals from B&H and Amazon today. They include discounts on smart speakers, tablets, smartphones and more