Qualcomm board unanimously rejects Broadcom’s $121B takeover bid

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Qualcomm on Thursday said its board of directors has unanimously rejected a revised $ 121 billion buyout offer from Broadcom, saying the proposal "materially undervalues" the chipmaker’s assets.
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Qualcomm’s board unanimously votes down Broadcom buyout offer

There’s a pretty solid chance the phone in your pocket is powered by Qualcomm’s silicon, and Broadcom wants a piece of that. Broadcom is so interested that it sent an unsolicited acquisition offer to Qualcomm last week. The chip maker acknowledged receipt of the offer, but today it officially announced that it’s not interested.

Broadcom offered $ 60 for every outstanding share of Qualcomm, plus an additional $ 10 in Broadcom stock. That worked out to a record-breaking $ 130 billion, but Qualcomm isn’t having it.

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Qualcomm’s board unanimously votes down Broadcom buyout offer was written by the awesome team at Android Police.

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Legislation for Looser Restriction on Self-Driving Cars Passes Unanimously

Congress has just passed a new piece of legislation that could make self-driving cars a mainstream reality much sooner.

The U.S. House of Representatives on Wednesday unanimously approved a bill that aims to speed up the deployment of self-driving cars. The Self Drive Act, as the bill is dubbed, will expand tech companies’ ability to test autonomous vehicle systems on public roads, and it lays out a roadmap for the research and development of autonomous systems, Reuters reported.

The Self Drive Act will allow companies to start deploying self-driving vehicles without meeting existing safety standards — such as the requirement that autonomous vehicles must have a human controller at the wheel. The legislation would also place control of self-driving regulations firmly in the hands of federal lawmakers, as it will block states from barring self-driving vehicle testing. When it rolls out, the bill will allow for firms to field up to 25,000 in the first year, with that cap potentially rising to 100,000 vehicles annually over three years.

But the bill will also require automakers to be transparent about their approach to privacy and security. According to the Washington Post, that’s been a key concern since researchers demonstrated just how easily cars can be hacked and commandeered remotely. The Self Drive Act also seeks to amend Department of Transportation regulations concerning the definition of certain car parts. For example, language dictating the additions of steering wheels and brake pedals could conflict with self-driving cars that don’t have those components.

The legislation isn’t law just yet, however. Before it comes into effect, the Senate has to approve its own version of the bill. There’s currently no timeline on when that could be, as Congress’ agenda is already filled with arguably higher-profile issues such as taxes and immigration, WaPo reported. Still, it’s an important first step that could help autonomous vehicles enter the market much quicker.

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US House unanimously approves measures to speed up autonomous car testing

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The U.S. House of Representatives voted unanimously on Wednesday to approve a proposal that could accelerate the testing and deployment of self-driving cars, though not without safety concerns from some parties.
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