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Daily Archives: February 8, 2018

Qualcomm Rejects Broadcom’s Higher $121 Billion Hostile Bid

Qualcomm Inc.’s board unanimously rejected a higher acquisition offer from Broadcom Ltd., spurning the largest technology takeover bid in history and likely leaving the future of the hostile $121 billion proposal to be decided by shareholders next month. The offer “materially undervalues” Qualcomm and "falls well short of the firm regulatory commitment” needed to gain…

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Qualcomm board of directors rejects revised Broadcom proposal

Qualcomm's board of directors unanimously rejected an acquisition proposal from competitor Broadcom, the company announced on Thursday. Broadcom had proposed acquiring all outstanding shares of Qualcomm for $82 per share, which breaks down to $60.00 in cash and $22 in Broadcom stock. Broadcom previously described the $121 billion as its "best and final offer." In…

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