Cory im cory johnson in for emily chang and this is Bloomberg Technology. A 105 billion offer hangs in the balance. The history of attack is turning hostile. The telik on patch made it the telecom match made in heaven is no more. What went wrong for americas fourthlargest wireless character. The massive document leak. Sidestepped apple billions in taxes. Multiple documents in the socalled paradise papers. We will look at apples involvement in offshore financing. Thet, more details about bid by broadcom to buy qualcomm. Broadcom has made a 105 billion offer. The qualcomm Closing Price before bloomberg broke this deal is saying it is ready for a hostile takeover if qualcomms board doesnt play ball. If the deal goes through, it would make broadcom the worlds thirdlargest chipmaker behind only intel in samsung. Sullivan, letks me start with you. It is a little crazy to think about. Weve seen a time of really big a dealsa deals big m in the past few weeks. I think what is going to be intere
Billion. Economy, governor philip lowe said it was the makers are optimistic, but bill remain concerned about the path of Household Spending and debt. Global news 24 hours a day powered by more than 2700 journalists and analysts in more , markets inntries australia shipping closing up shop today. Ice level in 2008 at doing very well. 29,000. Ying, just short a picture of the other markets in the region. Cory im cory johnson in for emily chang and this is bloomberg technology. Broadcom and qualcomm brace for a battle. A 105 billion offer hangs in the balance. The biggest deal in the history of tech is turning hostile. The telecom match made in heaven is no more. What went wrong for americas fourthlargest wireless character. The massive document leak. It shows how apple sidestepped billions in taxes. Multiple documents in the socalled paradise papers. We will look at apples involvement in offshore financing. First, more details about the bid by broadcom to buy qualcomm. Broadcom has made
Looking for an africanamerican man with a dark hoody and anyone that may have witnessed someone fit that description exiting or entering at this time is asked to contact detectives. Police identified the man wanted for two Violent Attacks one in haverford township. Derek rollins is considered armed and dangerous. And fired shots at a vehicle in overton park and then shot john lee outside of an apartment in haverford township. This morning officers recovered his vehicle a volvo. Well, a home that exploded in Lancaster County killing one utility worker was caused in part by a leaking gas plain. The ntsb released their report on the explosion and here is a report of the before and after photos in millersville and the house exploded before 1 00 in the afternoon that day. As four utility workers were on the job in the area. Three of them were hurt and one lost his life. The ntsb report reveal that hours prior to the explosion someone smelled natural gas and called the gas company and they d
The 60s for friday and through the weekend. Today mostly sunny with more clouds late in the day. Mild. High 70 wind w 510 mph tonight showers likely. Low 52 wind n ne 35 mph traffic check red on traffic map major delays yellow on traffic map some delays green on traffic map no delays new overnight an investigation is underway. After a man is shot in his car. It happened near 40th and hopkins around 1145 last night. Police say the 23yearold man was in a car when he heard he realized he was shot and was taken to a local hospital. He is expected to survive. The Milwaukee Police officer who shot and killed Sylville Smith has been fired. But not because of that shooting. Dominique Heaggan Brown is accused of Sexual Assault in a separate case. Deandra corinthios is live from the Police Administration building with more. According to mpd. The termination is the result of an internal affairs investigation. Into the Sexual Assault allegations the investigation found Heaggan Brown in violati pol
Japan, marginally lower, korea marginally higher. Overall trading, youll see right now looks like things are looking up across the board. Dax and cac up by 1 . Take a look at the price of crude oil. Last week, crude oil was down by 2. 50. This morning, around 36. 76. Andrew. Weve got a cub ouple of bi news stories. Alaska air officially going to buy virgin and they beat out jetblue. Well talk more about this transaction throughout the rest of the show. Its a big price war. Its a loss for jetblue. Questions about the brand which well get to. Whether alaska air whether it works if you will with virgin. Also, questions about alaska air, people thought alaska air was a takeover target by delta. Does this make them more likely to get bought out or less. Nonetheless, well talk about those issues. Its a 57 a share deal. In the meantime, things keep getting worse for bill ackman. The billionaire investor, Pershing Square lost 7 last month. And continuing to tumble after cutting its financial f