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Qualcomm rejects Broadcom's second offer to buy the company

Despite increasing its offer by $16 billion, Qualcomm still refuses to sell to Broadcom. Ever since early November of last year, there have been talks of Broadcom being interested in acquiring chip-maker Qualcomm. The deal was turned down by Qualcomm's Board of Directors later that same month, but a report quickly followed this up suggesting that Qualcomm would reconsider its decision if Broadcom offered more money.
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