Qualcomm rejects Valentine's Day takeover love-in with Broadcom

Qualcomm rejects Valentine's Day takeover love-in with Broadcom

6 years ago
Anonymous $v9r5mEH86V

https://www.theregister.co.uk/2018/02/16/qualcomm_broadcom_latest/

Fresh from telling us all how its “highly qualified” board would see off a hostile takeover from Broadcom, chip biz Qualcomm is now getting around the table with its buyout-happy rival.

A meeting between the two companies, which was announced a short while ago, took place on Valentine’s Day (awww). Broadcom has offered to buy Qualcomm for $103bn, later increasing that to $121bn, but, as a Qualcomm statement made clear, its management are holding out for a higher price.