Technology

Qualcomm rejects Broadcom's revised buyout offer, proposes meeting

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Qualcomm rejected Broadcom’s sweetened offer of more than $121 billion but opened the door for the first time to talks with its hostile suitor.

U.S. semiconductor company Qualcomm Inc on Thursday rejected Broadcom Ltd's revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid's "serious deficiencies in value and certainty."

Source: Reuters

Qualcomm Inc. rejected rival chip maker Broadcom’s $121-billion takeover bid — which Broadcom Chief Executive Hock Tan has called his “final and best” offer — but the San Diego company said it is prepared to sit down with Tan to discuss the proposal.

All Sources: Reuters Wall Street Journal Los Angeles Times

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