The AOL-Timewarner deal was not considered a ‘tech deal’ because Time Warner was a media company. But it was the largest deal of all time — a $165 billion cyclone of fucking disaster.
Here were are again, markets at all time highs, faggots in wheeled chairs loafing about all day on Twitter, and AVGO is bidding for QCOM, to the tune of $103 billion.
Broadcom has been working on its proposal for months — a bold bid to become a dominant supplier of communications chips to the wireless industry — and is believed to have approached Qualcomm privately about its offer, but was quickly rebuffed, sources told CNBC. The company had originally considered an attempt to buy Qualcomm prior to that company’s deal to buy NXP more than one year ago, but upon getting no traction at that time, retreated.
QCOM officials told them to fuck off.
Qualcomm, however, is expected to strongly resist Broadcom’s proposal. People close to the company expect it to indicate the offer price is far below what it would expect in a takeover. In addition, Qualcomm is expected to raise concerns that any combination with Broadcom would raise significant antitrust concerns.
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The bigger they get the harder they fail…. or sumtin’ like that.
The only way to make serious money in the computer business is in hardware or in services.
Software is a black hole of loss.
Apple, Google, Microsoft. Where would you invest?