Qualcomm confirms Broadcom’s $100B buyout

Compiled from news services

SANDIEGO — Qualcomm confirmed Monday that it received a $100 billion cash and stock buyout offer from Broadcom.

If accepted, such a deal would be the biggest ever in the semiconductor industry.

Qualcomm said in a statement that Broadcom’s unsolicited offer consisted of $60 a share in cash and $10 a share in Broadcom’s stock.

Qualcomm’s board and financial advisers will examine the deal. The company would not comment further.

May denounces abuses

LONDON— British Prime Minister Theresa May called Monday for greater effort to stamp out “abuses of power” in public life amid what she called troubling allegations of sexual harassment and abuse in U.K. politics.

Ms.May and leaders of theother parties in Parliament agreed to set up a grievance procedure for everybody working in to replace an existing complaints phone line witha face-to-face service.

Recently, researchers, staffand journalists working in British politics have come forward with allegations of sexual abuse and harassment by lawmakers and officials in Parliament. The claims have ranged from unwanted touching to allegations of rape.

The scandal has already triggered the resignation of the U.K.’s defense secretary.

U.N. condemns Myanmar

UNITED NATIONS — The U.N. Security Council unanimously approved a statement Monday strongly condemning the violence that has caused more than 600,000 Rohingya Muslims to flee from Myanmar to Bangladesh, a significant step that still fell short of a stronger resolution that Western nations wanted but China opposed.

The presidential statement calls on Myanmar’s government “to ensure no further excessive use of military force in Rakhine State” and take immediate steps to respect human rights.

The statement represents the strongest statement on Myanmar in nearly 10 years, and reflects widespread international concern at the plight of the Rohingya, who face official and social discrimination in Buddhist-majority Myanmar.

Venezuela debt talks

Vice President Tareck El Aissami has summoned bondholders to a meeting in Caracas as Venezuela prepares to restructure its crushing debt. For some, the meeting could land them behind bars.

Mr. El Aissami, 42, sanctioned by the U.S. Treasury Department this year after accusations he oversaw a cocaine-smuggling network, is one of the nation’s iron-fisted political operatives. Now, he’s in charge of a delicate financial dance in which investors and funds risk running afoul of the U.S. Office of Foreign Assets.

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