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Royal Philips Electronics signed an agreement to sell an 80.1% stake in its Semiconductors business to a consortium of KKR, Silver Lake Partners and AlpInvest Partners NV. The enterprise value is approximately EUR 8.3 billion, and Philips will retain a 19.9% stake.
Broadcom Limited proposed to acquire all outstanding shares of Qualcomm Incorporated for $70.00 per share in cash and stock, valuing the transaction at approximately $130 billion including net debt. The proposal includes a $5 billion convertible debt financing commitment from Silver Lake Partners.