Broadcom explores deal to buy Qualcomm: Bloomberg

Reuters News
Posted: Nov 03, 2017 1:57 PM

(Reuters) - Broadcom Ltd <AVGO.O> is exploring a deal to buy smartphone chip maker Qualcomm Inc <QCOM.O>, in what could be the biggest ever acquisition of a chipmaker, Bloomberg News reported on Friday.

Broadcom is speaking to advisers about the potential deal, Bloomberg said, citing people familiar with the matter.

Neither company immediately responded to Reuters requests for comment.

(Reporting by Sonam Rai in Bengaluru; Editing by Sai Sachin Ravikumar)