announced this was over the weekend a semi maker analog devices has agree now to buy rival maxim integrated products for about $21000000000.00 what's the latest there so analysts are expecting that this is actually going to be the biggest deal of the year and this comes just as the entire semiconductor makers seek to scale and diversify their offerings just as apple dealt a major blow to intel by cutting off all of their chips so analog chips they're more photos more cell focused on computing whereas macs and so i mean they're used in settings from health care to autos so where analog does not have a really large presence so this merger is actually quite synergistic now under the terms of this deal 80 i will acquire all of maxim and all stock transaction that will value the combined enterprise at a total of $68000000000.00 so management expects this transaction to be a creative within 18 months subsequent to closing with about $275000000.00 of cost synergies by the end of year $2.00 driven by lower operating expenses so that is if this merger gets approved and finalized and this will create and to b

analog devices has agreed to buy maxim integrated products. the deal has an equity value of $20.9 billion. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> if we see a face for deal -- deal, we will see pushback there. jonathan: in your equity market this morning, good morning to you all. equities higher on the s&p as we kick off earnings season tomorrow and through the week, with the big financials and big tech in focus this morning. a series of upgrades helping to drive some of the big names this morning. futures up 0.7%. alongside tom keene, together with lisa abramowicz, i'm jonathan ferro. that's where the focus is, the next steps from fiscal authorities. tom: no question about it, but also the monetary update. there is important decisions this week. there's a webinar with francine lacqua and the government are of the bank of england and president of the new york fed. michael mckee, our international ec

buyog devices has agreed to maxim integrated products for $21 billion in stock in what may become a newf consolidation in the semiconductor industry. bloomberg spoke to the ceo of analog devices about the deal and concerns about regulation. we spent a lot of time obviously trying to understand the regulatory risks. generally speaking, the portfolio out of technology between ourselves and maxim are very complementary. there is always some risk, but my sense is we've what -- got through that well. when i look at some of the acquisitions that have been cleared across the globe in the last three to six months, my confidence is high. ,he advice we receive as well the regulatory process has played out across the globe. >> with regards to the general makeup be of your business, within the context of some of the geopolitics that have been taking place, do you see any sort of detailed risk to being a company that does span across so many borders in the way you do now? vincent: no, i think one of the great fassett's or characterizations of our business is diversity across products, applications,

it was in a deal to buy maxim integrated products. the deal that could be announced as soon as today would rank as one of the year's biggest takeovers after months of rather lackluster activity because the pandemic would also follow a recent flurry in the wake of uber $2.5 billion deal and the nearly $10 billion take over of dominion energy natural gas assets we're watching that. meantime, the story to watch right now is not here. it is in china because that market remains red hot their nasdaq if you will, the tech heavy shen zen index. all the more often talk about shanghai composite was up nearly 2% any local investors in china quoted as saying things like it's an i can't lose kind of market but others are more worried about a 2014 like bubble you think our market has been hot? look at china up again. >> let us stay state side for now and try to understand why stocks keep going up earnings estimates keep coming down we're joined by victoria answer the question i just layed out. earnings are going down, stocks are going up i don't un