Home  ›  News  ›

Qualcomm Rejects Broadcom's Acquisition Offer

Article Comments  

Nov 13, 2017, 8:56 AM   by Eric M. Zeman   @zeman_e

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. The "proposal is not in the best interests of shareholders and dramatically undervalues Qualcomm," said the Snapdragon maker in a prepared statement. Broadcom's offer was unsolicited, meaning Qualcomm isn't actively selling itself. What's unclear is how aggressive Broadcom will be about buying Qualcomm. It could raise its offer or back down. Broadcom hasn't yet publicly responded to Qualcomm's decision.




This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2020 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.