Xing Hai Technologies actually became a major shareholder of this high-tech company. This was a very astonishing event, which led to many discussions on the internet.
"A few years ago, Botong Corporation planned to acquire Qualcomm. It quoted a price as high as $130 billion. However, it was coldly rejected by Qualcomm. But now, it has so joyfully accepted the acquisition by Xinghai Technology and sold itself very cheaply. So the bride price can be so drastically reduced if the groom is handsome?"
"He used 80 billion to buy up 40% of the shares. Isn't that too cheap?"
"Xing Hai Technologies got a steal; it has the rights to freely use tens of thousands of communication patents. Of course, Qualcomm is not a loser in this scenario either. It is climbing upwards via this big tree called Xing Hai Technologies. The benefits for Qualcomm will far exceed the shares it has sold."
