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Broadcom increases Qualcomm bid to more than $120 billion

Broadcom has announced a renewed bid to acquire Qualcomm for more $82 per share. Broadcom has retrained its sights on Qualcomm following its rejected $105 billion bid in November. Broadcom today announced a new offfer as part of a renewed push that would be worth more than $120 billion if accepted. According to the details of the offer, Broadcom would pay Qualcomm $82 per share, made up of $60 in cash and the rest in Broadcom shares.
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