A week ago Qualcomm leaders met with Broadcom to discuss the $121 billion acquisition offer. While the results of the meeting were not announced publicly, Broadcom has a new offer - $117 billion. Wait, what?
In early February Broadcom upped its offer to $82 per share to try and entice the reluctant Qualcomm stockholders – they refused. Now the offer is $79 per share - $57 in cash, $22 in Broadcom shares.
The reason is that Qualcomm increased its offer for the acquisition of NXP to $44 billion. The major shareholders of NXP support this new deal and it’s almost approved by 8 out of 9 regulatory bodies. Broadcom’s leadership was less happy about this development.
Cat and mouse games, Qualcomm does not want to be sold and that's what is going to be, Broadcomm got hutmrt and it's offer is useless
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