Ben Gilbert: evaluation

Transcript context

…I got my favorite piece of Broadcom history trivia that Avago, the sort of core of what Broadcom is, actually started its life as Hewlett Packard's chip division. What a sad state of affairs. Yup. In 2015, the company shakes off JANA Partners and doesn't split out the two businesses. I think that was the right call and I'll tell you why in playbook, but we were talking about Broadcom. In 2018, Broadcom comes in and tries to do a hostile takeover at a $117 billion valuation. Interestingly, it was financed by $106 billion of debt. That company, for the rest of its life, that would basically just be Qualcomm servicing the debt. Interestingly, the Trump administration got involved and said it would be a national security concern and block the deal. While that may have been true for the reason that the Singapore-based Broadcom was sort of joined at the hip with Huawei— They did a lot of business with Huawei.…

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