QUALCOMM in Talks to Buy Wilocity and Omnicom Group Calls Off Proposal with Publicis Groupe SA
QUALCOMM Incorporated (NASDAQ: QCOM) is in advanced discussions to buy Israeli chipmaker Wilocity, according to financial news website TheMarker. The company has proposed to acquire Wilocity, which makes fast speed chips, for around $300 million. The two sides have not yet agreed to terms of all the provisions of the sale, TheMarker said. Qualcomm is already an investor in Wilocity, which develops 60 GHz, 7 gigabit wireless chipsets that allow for faster Internet speeds.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. It operates in four segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI).
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Omnicom Group Inc. (NYSE: OMC) has terminated its $35 billion merger proposal with Publicis Groupe SA. The deal would have possibly have created the world’s largest advertising agency. Last July the two companies had announced the amalgamation and ultimate creation of Publicis Omnicom Group, which would have outshined WPP plc (WPPGY) as the largest advertising company. Both companies jointly delcared that the deal was called off due to complications in finishing the transaction in a rational time period.
Omnicom Group Inc., together with its subsidiaries, operates as an advertising, marketing, and corporate communications services company in the Americas, Europe, the Middle East, Africa, and the Asia pacific. It offers services in advertising, customer relationship management, public relations, and specialty communications areas. The companys services include advertising, marketing research, brand consultancy, media planning and buying, corporate social responsibility consulting, mobile marketing, crisis communications, multi-cultural marketing, custom publishing, non-profit marketing, data analytics, organizational communications, database management, package design, direct marketing, product placement, entertainment marketing, and promotional marketing services.
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