Qualcomm Rejects Broadcom Offer
Jun 30, 2007, 11:26 AM by (staff)
Qualcomm has rejected a settlement offer from Broadcom. Under the terms of the offer, Broadcom would have accepted a royalty payment of $6 per phone affected by the recent patent litigation lost by Qualcomm. That payment roughly equals 2 to 2.5% of the final cost of each phone. Qualcomm is still pursuing a presidential veto to overturn the ban the ITC has placed against it from importing certain new cell phone chips into the U.S. Qualcomm and Sprint have indicated that they are working on a software patch to bypass the patent issue, which relates to how 3G handsets conserve battery power.
Qualcomm Rejects Broadcom's Acquisition Offer
Qualcomm's board of directors today unanimously rejected Broadcom's Nov. 6 offer to buy the company in a deal that would have been valued at approximately $130 billion.
Broadcom Lowers Offer for Qualcomm, Qualcomm Says No Way
Broadcom revised its offer to acquire Qualcomm downward by $3 per share after Qualcomm increased its own bid to buy NXP Semiconductors. Broadcom said, "Qualcomm's board acted against the best interests of its stockholders by unilaterally transferring excessive value to NXP's activist stockholders." Broadcom would have preferred to see Qualcomm act together with Broadcom to broker the right deal for NXP while still allowing Broadcom to move forward with its own offer to buy Qualcomm.
Qualcomm Rejects Broadcom's Latest Acquisition Offer, But Leaves Door Open
Qualcomm's board of directors today unanimously rejected Broadcom's revised bid to acquire the company for $121 billion. Qualcomm's board continues to insist that Broadcom is undervaluing Qualcomm's overall worth.
Broadcom Ups Its Bid for Qualcomm
Broadcom today made a second offer to acquire rival Qualcomm. Last year, the company offered $70 per share of Qualcomm's stock.
I want my new phone lineups damnit.