"Hock Tan gets his man," TheStreet's Jim Cramer said on CNBC's "Stop Trading" segment Friday regarding Broadcom (AVGO - Get Report) CEO Hock Tan, in reference to the company's attempted buyout of Qualcomm (QCOM - Get Report) . He says Tan will eventually get his wish.

Broadcom previously made a $70 per share offer to acquire Qualcomm, valuing the latter at roughly $103 billion. Qualcomm rejected the offer, saying it wasn't enough and even if it was, the tie-up would likely face regulatory hurdles.

Interestingly enough, both companies face other M&A situations. On Friday morning, Broadcom closed its $5.5 billion acquisition of Brocade. In Qualcomm's case, the company's much larger $47 billion deal to acquire NXP Semiconductors (NXPI - Get Report) could gain regulatory approval from the European Union this year.

The only issue for Qualcomm? Since coming to terms on a $110 per share buyout of NXP back in October 2016, many feel that NXP Semi is worth more now. Some have said $125 should be the new deal, while others have talked about a price as high as $140 per share, said Cramer, who also manages the Action Alerts PLUS charitable trust portfolio.

As a result, NXP Semi shares have crept above the $110 deal price, going as high as $118 and currently near $115.

In any regard, if Broadcom has to pay more to get Qualcomm, so be it. Recently, analysts were making the case that a deal of $80 per share or more may be needed to secure Qualcomm, which would value the latter at roughly $117 billion.

"Hock Tan gets his man," Cramer reiterated, meaning that Broadcom will likely find a way to pull it off.

NXP Semiconductors and Broadcom are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells NXPI or AVGO? Learn more now.

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At the time of publication, Jim Cramer's Action Alerts PLUS had a position in AVGO and NXPI.