BUSINESS Broadcom $130 bln bid signals market top

BUSINESS

Broadcom $130 bln bid signals market top

Reuters Staff | Reuters

02:36, November 12, 2017

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Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake


The chipmaker’s hostile tilt at Qualcomm is a rare aggressive move in the sector. Qualcomm has its own issues, awaiting approval for its NXP deal and fighting Apple in court. It all suggests the tech sector is too frothy. 

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