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Broadcom raises offer to buy Qualcomm to $121 bn, calls it the final offer

The new offer values the company at $82 per share - a premium of 24 per cent from Qualcomm's close on Friday

Reuters 

Chipmaker Broadcom Ltd on Monday raised its offer to buy Qualcomm Inc by 24 per cent to more than $121 billion, sweetening the bid and putting more pressure on its rival to come to the table for negotiations. "Qualcomm and its board now have a tough decision as this is a compelling offer in our opinion," said analyst Daniel Ives of GBH Insights. The new offer values the company at $82 per share - a premium of 24 per cent from Qualcomm's close on Friday. It also puts pressure on Qualcomm to either buy NXP Semiconductors NV at $110 per share or terminate the $38 ...

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First Published: Mon, February 05 2018. 19:40 IST
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