Global Markets: Broadcom makes play for rival chip-maker

By Commodity News Service Canada
Nov. 7 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Walt Disney Co. is reportedly in talks to buy a large portion of Twenty-First Century Fox. The deal would apparently not include Fox’s news or sports divisions. Under U.S. rules corporations may not own two broadcast networks. Shares of Fox rose 5.8 percent after the report became public.

– A financial takeover could be in the works for one of the world’s largest cell-phone chip makers. Broadcom made a US$105 billion takeover offer for Qualcomm. The deal would be the largest tech deal ever. The two company’s products are found in nearly every smartphone around the globe.

– Bell Canada is looking to augment its security service portfolio. The company has announced it is buying AlarmForce Industries for C$166 million. Bell’s president George Cope says the move is being made to ensure its customers are at the leading edge of connected home innovation. AlarmForce currently has 100,000 subscribers.

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