Monday, February 5, 2018

Broadcom Bumps Offer For Qualcomm

San Diego-based Qualcomm said this morning that it has received a revised proposal from Irvine-based Broadcom, where Broadcom has offered to pay $60.00 per share in cash and $22 per share in Broadcom stock for all outstanding shares of Qualcomm. The offer is an increase over an earier offer, made in November, where Broadcom offered to pay $60.00 in cash and $10.00 in Broadcom stock--an offer that was rejected by Qualcomm's board. The new offer values Qualcomm at $121 billion.