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SAN DIEGO -- Qualcomm announced Tuesday that the company reached an agreement to purchase Dutch chipmaker NXP Semiconductors.One of Qualcomm’s subsidiaries will pay 7.50 per share for all outstanding shares of the company.Boards from both companies agreed on the deal which is contingent upon 70 percent of NXP’s shares being tendered. RELATED: Qualcomm rejects Broadcom's 'best and final' offer"The acquisition of NXP will enable us to accelerate our growth strategy," said Qualcomm board member Tom Horton. "The board unanimously believes this is an attractive acquisition at this price for Qualcomm stockholders based on NXP's recent strong financial performance, the growth in key strategic areas such as auto and (the internet of things) and our high confidence in management's ability to execute upon the synergy opportunities."The billion deal comes one week after leaders of Qualcomm met with Broadcom executives to discuss a 6 billion buyout.RELATED: Broadcom submits 'best and final' offer in attempt to acquire San Diego-based QualcommQualcomm has rejected buyout offers from Broadcom twice. Broadcom said during the last talks between the two companies that this was its “best and last offer” to purchase Qualcomm.Officials with Qualcomm cited low per-share price and lack of assurance from Broadcom that it would do everything it could to ensure the deal would pass regulatory scrutiny. 1432

SAN DIEGO (CNS) - A 17-year-old from San Diego driving a vehicle police suspected to be stolen was shot by a detective during a traffic stop, Hemet police said Saturday.Detectives with the department's Crime Suppression Unit conducted the traffic stop at about 9:45 p.m. Wednesday in the 300 block of North San Jacinto Street, Lt. Jeff Davis said."Detectives transitioned to a high risk stop after a records check revealed the vehicle was reported stolen from the San Diego area. An officer involved shooting occurred during the stop," Davis said.The San Diego teen was hospitalized with a non-life-threatening gunshot wound and later released to his guardian after receiving treatment, according to the news release.It was unclear what led to the shooting, and a call to Davis by a reporter Saturday morning was not returned.No officers were injured in the encounter, and an investigation was ongoing. 910

SAN DIEGO — It's a nerve-racking place: on stage, behind the mic, looking out at a sea of people waiting for your punch line.The Comedy Palace in San Diego sees many comedians but not like the one who performed Friday night."It was something I thought about even in college but lacked the courage to do it," said Michael Schmid. "I always loved to make people laugh."Schmid always had the passion, but it was a recent visit to the doctor that gave him the courage he had been lacking."If not now, when?" Schmid said.Three years ago, he was diagnosed with primary lateral sclerosis, a condition similar to amyotrophic lateral sclerosis, or ALS."It had spread to my upper body and becoming more quadriplegic," Schmid said.One month ago, he made the toughest decision of his life."The most difficult thing I ever had to do in my life was to talk to my children about ending my life," he said.Schmid says he will end his life on December 27, citing severe pain. He shared the date with one of his favorite comedians, along with a dream and a request for help."My initial response was 'We're going to make this happen,' " said Lisa Alvarado.Alvarado talked with some friends in the industry to see if they'd help make Schmid's dream of performing come true."I'm talking comics with Netflix specials, Comedy Central specials," Alvarado said.In one month, the group developed a 15-minute standup comedy routine for Schmid to deliver Friday night. Many of the professional comedians were in the audience as Schmid performed in his wheelchair with Alvarado holding his microphone.After the performance, Schmid's father made his way to the stage to give his son a hug."I never expected him to do that and show the world we're close," said Schmid.Schmid's ex-wife and his four children were also in the audience."No matter how crappy of a hand he's been dealt, he's taken it with a joke," said Schmid's son Joshua.Schmid is grateful he had a chance to laugh."I want my friends and family to have at least that memory when I'm gone," Schmid said. "Do not just give up where you're at ... always strive and reach for something else.""Even if it is the end of your life," he said, "you can be more than you are right now." 2256

SAN DIEGO -- A group of Allied Gardens residents say they are receiving outrageously high water bills from the city of San Diego.It's the latest flare up in an issue that has already caused major changes at City Hall. A 2018 audit found that nearly 3,000 families were sent incorrect bills, largely due to human error reading the meters. The city says it is working to create more meter-reader oversight and improve the customer service experience. Jim Montana got a nearly 0 water bill in December, which was triple the norm. "I'm not wealthy, and I know a lot of people in San Diego have it worse than I do, and I don't know how they're making it in with these water bills," he said. Multiple neighbors are posting on Nextdoor.com saying they've also been getting outrageously high bills. Montana says he has complained for years about a lack of accessibility and transparency when it comes to raising issues with the city's billing. "They never give you a good answer for what the problem is," he said. The city is working to change that. This time, Montana called the city and the representative asked him to read his own meter, which was covered by dirt and condensation. He relayed the numbers, and the city adjusted his bill from nearly 0 to less than 0.Last month, the City Council voted to spend million to add transmitters to 250,000 meters across San Diego. That would allow real-time tracking and should eliminate human error. A roll-out plan should be announced in the next few months. 1520

SACRAMENTO, Calif. (KGTV) -- California organizations and prominent businesses leaders are rallying support to repeal part of Proposition 13, a landmark vote that limited property taxes statewide.The portion organizations have taken aim at would leave property tax protections in place for homes and residential properties, but would substantially increase taxes on commercial property, creating a so-called “split roll,” according to the Sacramento Bee.A group that supports the initiative to change Prop 13, Schools and Communities First, has gathered 860,000 in an effort to get the measure on the November 2020 ballot.RELATED: San Diego ranked third for hidden costs of owning a homeThe state’s Legislative Analyst, Mac Taylor, concluded that the changes most years would result in an additional revenue of to billion.Proposition 13 was passed by California voters in June of 1978 and limits property tax. Prior to the passage of Prop 13, each local government throughout the state could set its property tax annually.This meant the average rate throughout California was nearly three percent. Under the proposition, a property’s overall tax rate statewide is limited to one percent.RELATED: Gas tax repeal qualifies for November ballotTaxes on property are already one of California’s largest sources of government revenue, raising billion in the 2014 to 2015 budget year, according to the Legislative Analyst’s Office.The chart below paints a picture of what happened to tax revenue following the passage of Prop 13 as well as revenue in recent years. One of the reform’s biggest proponents, The San Francisco Foundation, says the revenue could be used for schools, health clinics, infrastructure and other community services.“This is a watershed moment for California,” said Fred Blackwell, CEO of The San Francisco Foundation. “Closing these tax loopholes will restore over billion every year in desperately needed resources for our schools, clinics, and other critical services. It is an investment in a brighter future—expanding access to opportunity and bringing greater racial and economic inclusion to the Bay Area and across the state.”RELATED: San Diego tax increase proposal moves forwardGroups like the California Chamber of Commerce, however, oppose the plan split roll plan. The chamber says higher commercial taxes would be passed on to consumers. The CalChamber board added that, if changes to Prop 13 pass, they fear local governments would move toward approving commercial retail development instead of badly-needed housing developments.  2624

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