#$121

Qualcomm Still Rejects Broadcom’s $121 Billion Offer

That didn’t take long. After a face-to-face meeting with its suitor, Qualcomm Inc. (NASDAQ: QCOM) rejected the “last and final” offer of $ 82 a share in cash and stock from Broadcom Ltd. (NASDAQ: AVGO). Qualcomm Chair Paul Jacobs said in his letter to Broadcom CEO Hock Tan that the offer materially undervalues Qualcomm, has an unacceptably high level of risk and is not in Qualcomm’s best…

Qualcomm, Broadcom hold talks over revised $121 billion bid

(Reuters) – Qualcomm Inc said on Wednesday its top executives met with Broadcom Ltd to discuss the latter’s revised $ 121 billion bid, the first time the chipmakers have discussed a potential deal. “We met with representatives of Broadcom for two hours earlier today,” Qualcomm said, adding that its board would meet to determine the next steps. Qualcomm said the meeting was attended by Chief…

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(Reuters) – Chipmaker Broadcom Ltd on Monday raised its offer to buy Qualcomm Inc by 24 percent to more than $ 121 billion, sweetening the bid and putting more pressure on its rival to come to the table for negotiations. The new offer values the company at $ 82 per share – a premium of 24 percent over Qualcomm’s close on Friday. Qualcomm in November rejected Broadcom’s $ 70 per share…