Last week Broadcom made an offer to acquire Qualcomm at $130 Billion, which is $70 per share which consist of $60.00 in cash and $10.00 per share in Broadcom shares. Qualcomm today announced that its Board of Directors unanimously rejected the unsolicited proposal by Broadcom. Qualcomm said that the proposal dramatically undervalues Qualcomm and comes with significant regulatory uncertainty. This would have been … Continue reading "Qualcomm rejects Broadcom’s takeover proposal"
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