Technology

Broadcom raises its bid for Qualcomm, offering $121 billion

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Broadcom Ltd made a $121 billion "best and final offer" on Monday to acquire Qualcomm Inc, ratcheting up pressure on its U.S. semiconductor peer to engage in talks on what would be the biggest ever technology acquisition.

Source: Reuters

boosted its buyout offer for rival Qualcomm Inc. on Monday to $82 per share — ratcheting up the pressure on shareholders to support a hostile takeover bid.

Broadcom made a sweetened offer for Qualcomm that valued it at $121 billion but did little to convince investors the would-be buyer could seal a deal with a company facing challenges from regulators and prominent customers.

All Sources: Wall Street Journal Los Angeles Times Reuters

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