• Qualcomm Wants A Stake In Xiaomi

    5 monthes ago - By Ubergizmo

    Xiaomi is one of the few Android manufacturers that's rapidly expanding its market share in key markets across the globe. It has also set the wheels in motion for its much-awaited IPO that's expected to value the company at around $70 billion. U.S. chipmaker Qualcomm wants a stake in this company and it sees the IPO as an opportunity to get a piece of Xiaomi. According to a report, Qualcomm is the only foreign cornerstone investor in Xiaomi after the latter secured a $100 million investment from Qualcomm for its IPO.
    The South China Morning Post claims to have seen a term sheet which...
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  • Qualcomm Wants Xiaomi Stake, Will Seek It Through IPO: Report

    Qualcomm Wants Xiaomi Stake, Will Seek It Through IPO: Report

    5 monthes ago - By Android Headlines

    Qualcomm wants a stake in Xiaomi and is considering participating in the company's initial public offering set to take place next month, Bloomberg reports, citing people familiar with the matter. Telecom giant China Mobile is understood to be working on a similar plan as well, though the size of both potential investments remains unclear. Qualcomm may see Xiaomi's public market debut as an opportunity to generate some goodwill with China's government in regards to its proposed NXP acquisition , though the original equipment manufacturer isn't closely associated with Beijing, especially not...
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