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Intel considers bid for Broadcom, as fears grow that Apple may have sway over the Broadcom deal

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It's being report that Intel is weighing a range of acquisition options, including a bid for Broadcom. The news comes as Broadcom is aggressively pursuing its bid for Qualcomm. A successful deal would create a much larger competitor for Intel. If that seems likely, sources told the Journal that Intel would consider making an offer for Broadcom. A spokeswoman for Intel told CNBC that the company does not comment on deal chatter.  

 

 

The report further noted that "The U.S. Treasury's Committee on Foreign Investment in the United States has raised concerns about Broadcom's pursuit, which is unprecedented for a deal that hasn't been formally announced or agreed to.

 

But people familiar with the matter told CNBC that Broadcom is not expected to drop its bid this month. Sources said the company will try to smooth things over with regulators and address their concerns.

 

Tech giants like Microsoft and Google are also concerned about the deal, people familiar with the matter told CNBC. Sources said these companies are wary of Apple's potential sway over the deal as well as Broadcom's reputation for slashing costs and not investing in new technology."

 

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