Broadcom explores deal to buy Qualcomm: Bloomberg

Reuters News
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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. https://bloom.bg/2j0iKml

Neither company immediately responded to Reuters requests for comment.

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