Qualcomm reportedly asking for more money before accepting Broadcom’s takeover bid

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Looks like Qualcomm wants to resist a bit more before considering accepting a takeover deal from Broadcom, at least according to a Reuters report. Supposedly Broadcom’s US$70 per share offer, while setting a record, “undervalues” Qualcomm and doesn’t take into account any regulatory hurdles that they might need to overcome once the deal is done. According to Reuters sources, Qualcomm might object to the sale as early as November 13 but will probably take a few days before issuing a fuller response.

On Broadcom’s side, it seems they’re ready to raise its bid, according to the report. And it hopes to submit its own selection of directors for Qualcomm’s board. And if the shareholders want a deal, they could possibly vote for new board members and force Qualcomm to negotiate. Neither company is commenting on the report at the moment.

Source: Engadget

Is Hasbro planning to buy Mattel?

This might not seem to be the right space to talk about this a few years back but with gadgets and even connected toys taking up more and more of the attention of children, this doesn’t seem too off tangent. A new report from the Wall Street Journal claims Hasbro recently made an offer to purchase Mattel. It wasn’t said how receptive Mattel was to the idea or how much Hasbro offered but the move would put two hot properties side by side: My Little Pony and Hot Wheels. A merger of the two companies might help both sides. Hasbro, who has been taking advantage of the popularity of its Disney-themed toys as well as licenses from TV and movie deals, can help out Mattel, who is trying to turn around years of failed toy lines.

The acquisition will also give Hasbro access to Mattel’s manufacturing facilities. The former gave up its own facilities a while back. On top of that, Mattel could contribute to building up Hasbro’s tech-driven toys, which they need to develop more of now as they compete with top tech companies for the younger audience. Of course, this might raise concerns about how this could violate US antitrust law but whether this will draw as big a scrutiny and opposition as telecom mergers is something we can’t say yet. Both parties refuse to comment about the rumours.

Source: Engadget

EA buys ‘Titanfall’ studio Respawn

Titanfall 2 didn’t do as well as expected when it came out, leaving the future for the game a bit uncertain. At least, the studio doesn’t seem to be suffering the same fate. EA just announced it acquired Respawn in a deal valued over US$400 million. EA has previously published two Titanfall games so the acquisition doesn’t come as a surprise.

The two are already working on a few projects. One is a third-person Star Wars game, which was announced back in May 2016. Another is a virtual reality experience. And last is another title for the Titanfall universe. What isn’t known is if it’ll be Titanfall 3 or a mobile version of the game.

Source: Engadget

21st Century Fox reportedly in talks with Disney to sell most of its company

If we were honest, this is what we thought of when we heard the news. (Image courtesy of: Marvel.com)

There are reports going around claiming Disney and 21^st Century Fox are currently in talks about the latter selling off most of its company to the multimedia production giant. According to CNBC, it has been happening in the past few weeks but there aren’t any guarantees that it’ll lead to a deal. They describe the talks as being “on again, off again.” If the deal pushes through, it’s said Fox will give up most of its properties except those that revolve around news and sports. It seems senior management at Fox see that they can’t compete in the changing media landscape and sees Disney and its big machine capable of competing against the big internet companies that are leading the charge now (e.g. Facebook, Netflix, Google, and Amazon, to name a few).

For Disney, this deal would be advantageous as it preps its own streaming service. They’d gain access to more movie and TV productions to add to their own streaming offering. And if you’re thinking what we’re thinking, we might finally get that X-Men, Avengers, and Fantastic Four crossover that we’ve been waiting for. (Even Ryan Reynolds is wondering what this deal could mean for his character Deadpool.) At the moment, nothing is for sure yet but we’re keeping our eyes out for this.