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. 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.
Qualcomm Rejects Broadcom's Latest Acquisition Offer, But Leaves Door Open
Feb 8, 2018
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 Takes Aim at Qualcomm with Unsolicited $130B Bid
Nov 6, 2017
Broadcom today made an unsolicited offer to buy Qualcomm for $70 per share, a deal valued at approximately $130 billion. According to Broadcom, the merged entity would be a diverse communications semiconductor company that would be able to accelerate innovation, deliver more advanced products, and create compelling financial savings/efficiencies.
Qualcomm Rejects Broadcom's Attempt to Replace Board
Dec 22, 2017
Qualcomm today said it won't entertain the idea of replacing its board of directors with substitutes nominated by Broadcom. Earlier this month, Broadcom nominated 11 people to Qualcomm's board of directors.
Broadcom Proposes to Oust Qualcomm's Board
Dec 4, 2017
Broadcom today suggested Qualcomm's shareholders elect an entirely new board of directors during the latter's planned annual shareholder meeting on March 6, 2018. Broadcom took the opportunity to nominate 11 people to replace Qualcomm's board.