Qualcomm Rejects Broadcom’s Unsolicited $103-Billion Takeover Bid

Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd’s $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm were up 1.8 percent at $65.74 in early afternoon trading, while those of Broadcom were down 0.4 percent at $263.95. Broadcom said it would seek to engage with Qualcomm’s board and management, adding that it had received positive feedback from key customers and stockholders. “We continue to believe our proposal represents the most attractive, value-enhancing alternative available to Qualcomm stockholders and we are encouraged by their reaction,”…

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Uber’s Bid to Move Waymo Case to Arbitration Rejected by US Judge

A US judge on Thursday rejected Uber’s bid to send its high-profile trade secret dispute with Alphabet’s self-driving Waymo unit to a private legal forum, a setback for the ride services company. US District Judge William Alsup in San Francisco also partially granted Waymo’s bid for an injunction against Uber over its self-driving car program. However, Alsup filed his injunction opinion temporarily under seal, meaning its scope and details could not immediately be learned. The acrimonious trade secrets battle between Silicon Valley’s two tech rivals has serious strategic and financial…

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