A deal between chip makers Qualcomm and Broadcom is off (for now)
A week ago, semiconductor firm Broadcom offered roughly $105 billion to take over competitor Qualcomm in what was hailed as potentially the largest technology merger ever.
But on Monday, Qualcomm rejected Broadcom’s offer, an unsurprising move that could just be a negotiating tactic by Qualcomm, which said it rejected the deal because it undervalued the company. Talks are expected to continue between the two firms. Broadcom, which has supplied materials for companies such as Apple, said that it believes in the bid it made. Here’s what Broadcom CEO Hock Tan said in The Wall Street Journal:
We continue to believe our proposal represents the most attractive, value-enhancing alternative available to Qualcomm stockholders.
Don’t worry Pixel 2 XL users, Google said it will fix the touchscreen issue
Some users of Google’s new Pixel 2 XL smartphone have been complaining that the phone’s touchscreen is unresponsive along parts of its edges. The problem has added to a list of other issues users have reported the phone having such as screen burn-in and low quality of recording.
A Google representative said the company is planning to fix the touchscreen issue through a future operating system update. Google is trying to address the issue quickly, especially because it’s happening as competitor Apple launched its new iPhone X recently.
Steve Jurvetson is out at Silicon Valley venture capital firm Draper Fisher Jurvetson
As one of the founding members of the widely known firm, Jurvetson resigned following claims of sexual harassment against him, which Draper Fisher and Jurvetson officials were beginning to look into.
Juvertson’s fallout has become a part of the mounting sexual harassment allegations involving high-profile personnel across industries such as media, politics and business.
Jurvetson said on Twitter that he is “leaving DFJ to focus on personal matters, including taking legal action against those whose false statements have defamed me.”
Facebook reverses course by supporting more transparency in online campaign advertising
Facebook told the Federal Election Commission that it would back policies to enhance transparency of online campaign advertising during elections.
The social media giant has previously not been open to adhering to political advertising disclosure rules, but it’s had to alter its stance lately after multiple reports have shown that agencies tied to the Russian government used the social media site to attempt to influence the 2016 presidential election.
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