https://www.cnbc.com/2017/11/13/qualcomm-draws-up-plans-to-rebuff-broadcoms-103-billion-offer-sources.html

U.S. chipmaker Qualcomm is making preparations to reject rival Broadcom's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.

Qualcomm's board of directors could meet as early as Sunday to review the unsolicited acquisition offer and decide on its strategy, the sources said. The preparations for the board meeting indicate that Qualcomm is poised to rebuff the bid as insufficient as early as Monday, although it may decide to spend a few more days this week to prepare its full response to Broadcom, the sources added.