Broadcom raises its bid for Qualcomm, offering $121 billion
by Mike Freeman, Los Angeles Times
Feb 05, 2018
3 minutes
LOS ANGELES - Chip maker Broadcom Ltd. boosted its buyout offer for rival Qualcomm Inc. on Monday to $82 per share - ratcheting up the pressure on shareholders to support a hostile takeover bid.
The $121-billion merger would be the largest ever in the tech industry, and Broadcom's bid represents a 50 percent premium over the trading price of Qualcomm's shares in early November, when Broadcom first made overtures to acquire the San Diego company.
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