Daily Briefing: Qualcomm urged to negotiate Broadcom deal; Uber mulls sale of SEA unit to Grab

And here's one way the upcoming budget could affect you.

From Reuters:

Singapore-based Broadcom is mainly a manufacturer whose connectivity chips are used in products ranging from mobile phones to servers. San Diego-based Qualcomm primarily outsources the manufacturing of its chips which are used for the delivery of broadband and data, a business that would significantly benefit from the rollout of 5G wireless technology.

ISS said in its report that Broadcom’s latest $82 per share cash-and-stock bid, which Broadcom CEO Hock Tan has called its best and final offer, does not appear to be clearly superior to Qualcomm’s potential standalone value in the short term. ISS added, however, that the offer seemed to represent a reasonable starting point for negotiations.

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From The Motley Fool:

No more speculation. No more rumours. No more testing of the waters. On Monday at 3:30pm we will find out how the Singapore government plans to reconcile its expenditure with revenues. Yes, it’s annual Budget time….

…. So how will revenues be raised to cover increased spending. Will it be income tax? GST? Capital gains tax? Inheritance tax? We will find out soon enough.

Read more here.

From Reuters:

Uber Technologies [UBER.UL] is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter.

No deal has been reached yet and the timing of any deal is uncertain, the report said.

Read more here.