Qualcomm chief executive Steve Mollenkopf on Thursday reaffirmed his opposition to a hostile takeover bid from computer chip rival Broadcom, saying the deal offers "no real path to value."
Qualcomm Inc. rejected rival chipmaker Broadcom Ltd.'s unsolicited $103-billion takeover bid Monday, calling the price too low — a move that sets the stage for a hostile proxy fight for control of San Diego-based Qualcomm. “It is th...
Broadcom is planning an unsolicited takeover approach to rival chip maker Qualcomm, according to a person familiar with the matter. Such a deal would be enormous, given Qualcomm’s current market value of nearly $90 billion.
Shares of Qualcomm leapt on Friday after unconfirmed media reports said rival computer chip giant Broadcom may make an unsolicited takeover bid.
Singapore-based computer chip maker Broadcom stepped up its battle for rival Qualcomm on Monday, proposing a new slate of board members for the US firm to back a $130 billion hostile bid.