Join NexChange - the professional
network for the financial services
industry - and receive a free one-
year subscription to Forbes
The Broader Implications of Broadcom's Bid For Qualcomm
Qualcomm’s board of directors will likely find the price tag to be too low and reject the deal, Canaccord Genuity’s T. Michael Walkley said in a Monday note.
The combination of Broadcom and Qualcomm is expected to generate “strong” synergies and create a new “dominant” wireless business that would also be considered to be a global semiconductor leader, Walkley said. (See Walkley’s track record here.)
Nevertheless, Broadcom is likely looking at a deal as a means to not only generate shareholder value through synergies, but to increase its exposure to Apple and Samsung’s ecosystem, the analyst …