Comment on Broadcom raises its Qualcomm offer to $121 billion

Broadcom raises its Qualcomm offer to $121 billion

Broadcom raised its takeover bid for its rival chipmaker Qualcomm to about $121 billion Monday, piling pressure on Qualcomm to agree to what would be the biggest-ever takeover in the technology industry. In offering $82 a share, San Jose’s Broadcom raised the stakes a month before Qualcomm’s annual shareholder meeting, at which it hopes to unseat the entire board.

 

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