Biggest tech deal ever expected to be huge takeover battle

Chip maker Broadcom (the company that ‘makes’ that Raspberry Pi) on Monday announced an unsolicited bid to buy peer Qualcomm for $103 billion as it looks to boost its presence in the wireless market, setting the stage for what could be one of the biggest takeover battles.

Qualcomm said it would review the proposal and act in the best interests of its shareholders. The company is inclined to reject the bid as too low and fraught with risk that regulators would reject it or take too long to approve it, people familiar with the matter told Reuters.

A tie-up would combine two of the largest makers of wireless communications chips for mobile phones and raise the stakes for Intel, which has been diversifying into smartphone technology from its stronghold in computers.

Full Article: http://nypost.com/2017/11/06/biggest-tech-deal-ever-expected-to-be-huge-takeover-battle/

I would love to have a Raspberry Pi 4 with a Snapdragon processor in it. Why is this happening? Until fairly recently all of Apple’s portable products used Qualcomm’s technology. But with ARM being a mostly open technology they engineered their own custom processors.

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