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Marvell to buy Cavium for USD 6 bln - report
2017-11-20 09:16:00| Telecompaper Headlines
(Telecompaper) Market watchers said Marvell is trying to remake itself after a corporate scandal which led to the exit of its founders under pressure from activist investor Starboard. This would be the largest acquisition to date for Marvell. Cavium, a maker of network processors, is one of several companies trying to use ARM equipment to break Intel's hold on the server microprocessor market.
SK Telecom, Hyundai Motor, Hanwha, Element AI create USD 45 mln global AI fund
2017-11-16 10:03:00| Telecompaper Headlines
(Telecompaper) Element AI established a joint USD 45 million fund with Korean conglomerates SK Telecom, Hyundai Motor Company, and Hanwha Asset Management. The new fund targets the most promising sectors of commercial AI applications and infrastructure, specifically emerging AI-based technologies including autonomous vehicles, household robots, manufacturing, drones, and hardware.
Broadcom confirms USD 130 billion bid for Qualcomm
2017-11-06 15:51:00| Telecompaper Headlines
(Telecompaper) Qualcomm said it has indeed received an acquisition bid from Broadcom worth USD 60 cash and USD 10 in Broadcom stock per share. Qualcomm noted that the unsolicited bid is non-binding. It will now see if it is in the best interest of its shareholders and provide no further comment until its review is finished.
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Broadcom contemplating USD 100 bln bid for Qualcomm - report
2017-11-03 20:07:00| Telecompaper Headlines
(Telecompaper) Broadcom is speaking to advisers about the possible acquisition of Broadcom, Bloomberg reported, with sources saying the bid could go higher than USD 100 billion. The offer would be for USD 70 per share in a cash and stock deal . Although a final decision has not yet been made, the sources said a deal could be reached in the coming days.
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Omantel signs deal to buy 12.1% of Zain Group for USD 1.35 bln
2017-10-26 10:45:00| Telecompaper Headlines
(Telecompaper) Omantel said it has signed an agreement with Al Khair National for Stocks & Real Estate Company, Kuwaiti British Readymix Company and Gulf National Holding Company to purchase 521.97 million ordinary shares in Zain Group, or 12.1 percent of the total fully paid and issued share capital, for a total cash consideration of USD 1.35 billion at an offer price of KWD 0.781 per share.
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