Posts Tagged: "Southern California"

Broadcom Issues ‘Best and Final Offer’ to Acquire Qualcomm, Values Qualcomm at $121 Billion

Broadcom’s latest bid increases the value of its proposed purchase agreement up from $70 in cash and stock per share up to $82 in cash and stock per share in a deal that would be valued at more than $121 billion. Broadcom’s first takeover bid came last November, originally offering $60 in cash and $10 in Broadcom stock per Qualcomm share. This most recent Broadcom bid retains the $60 in cash per share while increasing the value of Broadcom stock offered up to $22 per share. As a Broadcom press release announcing the increased bid notes, this $82 per share total represents a 50 percent premium over the closing price of Qualcomm shares on November 2nd, 2017, the last trading day unaffected by media speculation of the potential Broadcom buyout.

Apple Counterclaim and 3 New Qualcomm Suits Increase Scope of Battle over Mobile Device Tech

In late November, the legal dispute between San Diego, CA-based semiconductor developer Qualcomm Inc. (NASDAQ:QCOM) and Cupertino, CA-based consumer tech giant Apple Inc. (NASDAQ:AAPL) over patents covering various electronic device components and features. A series of actions taking place in the Southern District of California shifts the focus of what has been an international squabble over patent infringement and antitrust claims back to American soil.

USC Launches its First IP Course for Undergrads

USC’s new course is premised on the notion that IP questions lie at the heart of a great many areas of modern life today — From Silicon Valley startups to Fortune 500 board rooms, from MIT engineering labs to Wall Street trading desks, and from industry trade conferences to the trade policy debates raging in Congress. Indeed, it is difficult to pick up a newspaper, or read any online magazine, without reading news about how intellectual property is impacting daily life and business… The brainchild of USC President C. L. Max Nikias and billionaire medical inventor Dr. Gary Michelson, USC new undergrad course in intellectual property — named The Entrepreneur’s Guide to Intellectual Property — just launched this fall. Taught by Kirkland & Ellis partner Luke Dauchot, with a phalanx of IP luminaries as guest speakers —including Marshall Phelps, former USPTO director David Kappos, Facebook IP chief Allen Lo, Dolby General Counsel Andy Sherman, and Xiaomi chief of IP strategy Paul Lin, among others.

Korean court upholds $912M Qualcomm fine as tech rivals continue to make antitrust claims

On Monday, September 4th, a South Korean court denied a request made by San Diego, CA-based semiconductor developer Qualcomm Inc. to rescind a fine levied last December by the Korea Fair Trade Commission (KFTC) over alleged unfair business activities in patent licensing and chip sales. According to reports, the South Korean court decision keeps in place a $912 million in the latest blow to Qualcomm’s corporate intellectual property strategy.