Broadcom Shares Surge on Reports That Intel Is Considering an Acquisition

Shares of semiconductor company Broadcom surged following a report on Friday that Intel is considering an acquisition.

Broadcom’s stock rose 4% in after-hours trading on Friday to $264.21 after the Wall Street Journal reported of Intel’s interest in acquiring Broadcom, which engaged in a hostile takeover attempt of mobile chip maker Qualcomm.
The Wall Street Journal reported that Intel intc was pondering an acquisition of Broadcom as one of a number of possible deals to help Intel remain competitive if and when Broadcom broad buys Qualcomm qcom . A combina

Source:  YahooNews