tech:

taffy

Broadcom proposes to acquire Qualcomm for $130 bn

In an unsolicited bid, Broadcom has offered to buy Qualcomm for roughly $130 billion. Hock Tan, president and CEO of Broadcom, said in a statement, “This complementary transaction will position the combined company as a global communications leader with an impressive portfolio of technologies and products. We would not make this offer if we were not confident that our common global customers would embrace the proposed combination.”

Broadcom’s proposal was approved by the company’s board.

Moelis & Company, Citi, Deutsche Bank, J.P. Morgan, BofA Merrill Lynch and Morgan Stanley are acting as financial advisors to Broadcom. Wachtell, Lipton, Rosen & Katz and Latham & Watkins are acting as legal counsel.

“The Qualcomm board, in consultation with its financial and legal advisors, will assess the proposal in order to pursue the course of action that is in the best interests of Qualcomm shareholders,” Qualcomm said in a statement, acknowledging the company has received the bid.

[Image courtesy: Qualcomm]

Just in

Staff say Dell’s return to office mandate is a stealth layoff, especially for women — The Register

The implications of choosing to work remotely, we're told, are: "1) no funding for team onsite meetings, even if a large portion of the team is flying in for the meeting from other Dell locations; 2) no career advancement; 3) no career movements; and 4) remote status will be considered when planning or organization changes – AKA workforce reductions," writes Thomas Claburn. 

Orkes raises $20M

Cupertino, CA-based Orkes, a company focused on the scaling of distributed systems, has raised $20 million.

Motorola Solutions appoints Nicole Anasenes to board

Motorola Solutions announced the appointment of Nicole Anasenes to its board of directors. Ms. Anasenes has over two decades of experience in leadership roles across software and services, market development, acquisitions, and business transformation.

Apple Announces ‘Groundbreaking’ New Security Protocol for iMessage — MacRumors

Apple today announced a new post-quantum cryptographic protocol for iMessage called PQ3. Apple says this "groundbreaking" and "state-of-the-art" protocol provides "extensive defenses against even highly sophisticated quantum attacks," writes Joe Rossignol.

How data collaboration platforms can help companies build better AI – HBR

By embracing data collaborations, business leaders can safely access high-quality data, avoid legal issues, gain a diverse, pluralistic, and therefore more expansive view of the world, unlocking the full potential of fine-tuned models, writes José Parra-Moyano, Karl Schmedders, and Alex "Sandy" Pentland.