Approvals delay Qualcomm acquisition of NXP

Qualcomm has announced an extension of its deal to purchase NXP . The agreement is subject to regulatory approval in multiple jurisdictions. Similar to Broadcom’s recent purchase of Brocade this can be held up. Bloomberg is reporting that the EU is close to approving the Qualcomm/NXP deal. But Qualcomm has another challenge. Activist investor Elliott…

Broadcom completes drawn-out acquisition of Brocade

Broadcom has finally achieved completion on its acquisition of Brocade. Announced in November 2016, this deal has finally completed. Brocade disposed of various units, such as the vRouter team to AT&T. The closing of the deal also releases others for completion. Expect to see deals closing soon including its Wifi business, Ruckus, and IP and…

Broadcom plans $103bn takeover of Qualcomm

Having announced a move of their headquarters to the US, Broadcom  is now targeting another chipmaker for a takeover. Even with the Brocade deal stuck in CIFUS negotiations, they are looking to target Qualcomm . Given that both Qualcomm and Broadcom have income streams from WiFi and LTE chipsets. The combination of both companies will potentially…

President Trump announces Broadcom HQ relocation back to the US

An effort is being made to move forward on the Broadcom and Brocade deal, currently stuck in negotiations with CIFUS. Broadcom CEO Hock Tan yesterday met US President, Donald Trump, in the Oval Office. Together they made an announcement that Broadcom will bring their headquarters back to the US. The statement is being widely reported in…

Extreme buys Brocade data centre switching assets direct

Extreme  has announced that they have closed a deal direct with Brocade , rather than wait for the Broadcom  acquisition. (Extreme Networks Completes Acquisition of Brocade’s Data Center Networking Business). This is different to the planned acquisition announced in March. Broadcom’s recent announcement that they have refiled with CIFUS has caused some consternation with other organisations…

Brocade and Broadcom delay merger until November 30

A year to the date of the original merger announcement Broadcom to buy Brocade for $5.9bn, both Brocade and Broadcom  have announced a delay in their merger. The Committee on Foreign Investment in the United States (CFIUS) needs more time for investigation.  So to support this, they have withdrawn and refiled their documents with CFIUS. CFIUS,…

AT&T Welcomes Brocade Employees as It Closes Vyatta Acquisition

AT&T have completed their acquisition of the Vyatta assets from Brocade. Their press-release announces the deal as a way of AT&T continuing their network transformation. This is one of the first sales prior to Brocade’s purchase by Broadcom, scheduled for later in the year. Most of the other announced deals are conditional on the successful…