Inside News Digest

Nov 06, 2017, 07:15 PM

Chipmaker Broadcom has made an offer to buy rival Qualcomm for $130 billion. The resulting company would be the world’s third largest chipmaker behind Intel and Samsung. Broadcom has offered $70 per share in cash and stock, which represents a 28 percent premium on Qualcomm’s share price on Friday. The deal faces regulatory hurdles, but if it goes ahead it would be the largest ever technology acquisition. The value of Qualcomm’s shares has decreased this year amid a bitter legal battle with Apple over technology licensing fees. – VERGE

Tehran has denied supplying missiles to Houthi rebels in Yemen. The statement by a Iranian general comes after Saudi Arabia said it had intercepted a missile targeting an airport near its capital, Riyadh. Saudi Arabia, which is fighting a proxy war with Iran in Yemen, accused "a regional state" of sponsoring the attack. The country later said the incident "could rise to be considered an act of war" by Iran. "The claim that the missile was delivered to Yemen by Iran is baseless," an Iranian army general said. "These missiles have been manufactured by the Yemenis and their military industries," he said. The firing of the missile could represent an escalation of the Yemeni conflict. "This is not the end. Saudi cities will be a continuous target. We are entering a new phase," a Houthi spokesman said. – CNN

A Belgian judge has released former Catalan President Carles Puigdemont and four members of his cabinet from detention, but has asked them to stay in the country. They are expected to appear in court again within 15 days. They handed themselves in after an arrest warrant was issued by a Spanish judge. The Spanish government accuses Puigdemont and his cabinet of rebellion and sedition over their efforts to break away from Spain. Catalonia declared itself independent from Spain last month, following a referendum in which most voters said they wanted to break away from Madrid. However, the vote had been declared unconstitutional by Spain, and only about 40 percent of the electorate took part. – BBC

U.S. President Trump told the Japanese government that it should buy American weapons to prepare for a possible conflict with North Korea. Trump made the comments after meeting with Japanese Prime Minister Shinzo Abe in Tokyo. "He (Abe) will shoot them out of the sky when he completes the purchase of lots of additional military equipment from the United States," Trump said, referring to North Korean missiles. "The prime minister is going to be purchasing massive amounts of military equipment, as he should. And we make the best military equipment by far." Trump recently said that Japan should have intercepted missiles fired by North Korea this year, but Japan’s policy is to only shoot down missiles that threaten its territory. Abe said he agrees with Trump in that "all options" should be considered when dealing with North Korea. – REUTERS

NBC reports that the office of special counsel Robert Mueller has enough evidence to press charges against President Trump's former national security adviser, Michael Flynn. The revelation comes from three sources with knowledge of the investigation into alleged meddling in the presidential election. The probe centers around the Flynn Intel Group, a lobbying group that Flynn created after being fired as head of the Defense Intelligence Agency in 2014. Evidence gathered by investigators suggests that Flynn might have laundered money and lied to federal agents. They also suspect that Flynn might have colluded with the Turkish government to help repatriate a critic of President Recep Erdogan from the U.S. in exchange for money. – NBC

Two suicide bomb attacks killed at least five people in the Iraqi city of Kirkuk on Sunday. The Iraqi army retook control of Kirkuk from Kurdish forces last month to put an end to efforts by the Kurds to break away from the central government. Acting Kirkuk governor Rakan Saeed said that in order to guarantee security in the city, Iraq wou...