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Broadcom and Qualcomm move forward on other deals

Raimond Spekking via Wikimedia Commons

Broadcom hasn't yet gotten a "yes" on its takeover approach for Qualcomm, but both chipmakers are moving forward on other deals that could smooth their path to a mega-merger:

  • Broadcom on Friday closed its $5.5 billion purchase of networking switch maker Brocade, which was first announced last November.
  • Qualcomm is set to win "imminent" Japanese antitrust approval for its $38 billion takeover of Dutch chipmaker NXP Semiconductors, according to Reuters, with European approval expected by year-end.