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Categories: Broadcom Qualcomm

(@Reuters) – Chipmaker @Broadcom Ltd on Monday raised its offer to buy @Qualcomm Inc by 24 percent to more than $121 billion, sweetening the bid and putting more pressure on its rival to come to the table for negotiations. The new offer values the company at $82 per share – a premium of 24 percent over Qualcomm’s close on Friday. Qualcomm in November rejected Broadcom’s $70 per share cash-and-stock bid that valued the company at $103 billion.

https://www.google.com/amp/mobile.reuters.com/article/amp/idUSKBN1FP1KX#ampshare=https://www.reuters.com/article/us-qualcomm-m-a-broadcom/broadcom-raises-offer-to-buy-qualcomm-to-121-billion-idUSKBN1FP1KX

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