Good morning, Austin! Wow, what a Super Bowl! Unfortunately, now it’s Monday. With that in mind, we have scrolled the internet so you don’t have to. Here are the latest tech headlines:
Broadcom Raises Qualcomm Hostile Bid to About $121 Billion
Broadcom has raised its bid for Qualcomm to about $121 billion, in an attempt to force what could be the largest-ever technology deal.
The new offer of $82 a Qualcomm share will be Broadcom’s final offer, according to a statement Monday. The deal would take the form of $60 in cash and the remainder in Broadcom shares. That would represent a 50 percent premium over the price Qualcomm was trading at on Nov. 2, before news of the first offer broke, Broadcom said.
Qualcomm’s board previously rejected Broadcom’s original $105 billion acquisition approach, and has since dug in against the threat of a takeover, with Chief Executive Officer Steve Mollenkopf dismissing the bid as not being worth consideration. Qualcomm has also argued that regulators would be unlikely to quickly, if ever, approve such a combination.
Amazon to pay France $250 million in back taxes
Online retailer Amazon has reached a deal with French authorities to pay about $250 million in back taxes.
Amazon was asked in 2012 to pay the amount over earnings made in 2006-2010 and has since been involved in a dispute with tax authorities.
The company said Monday it has reached an "overall settlement agreement with the French tax authorities on past issues, and our main objective remains to provide the best possible buying experience for our customers in France, where we have invested more than 2 billion euros since 2010, and created more than 5,500 permanent jobs."
Amazon last year reached a similar deal with Italian authorities to end a 100-million-euro ($118 million) dispute over its tax payments from 2011-15.
Apple, Cisco team up to offer cyber policy discounts
Apple and Cisco Systems have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday.
The arrangement, which also includes insurance broker Aon Plc, will help businesses fortify their cyber security defenses and make them eligible to score more favorable terms for cyber coverage, such as lower or no deductibles, along with support services in the event of attack, the companies said.
Cyber coverage is a mounting concern for companies worldwide as hackers increasingly take aim at their technology systems. Cyber crime insurance, once a little-known product, has gained traction as hacks involving large companies such as Equifax Inc and Target Corp have become more costly and commonplace.
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