Qualcomm rejects Broadcom offer but agrees to meet to discuss a deal.
Broadcom has sweetened its takeover offer of Qualcomm in a deal that would be worth more than $121 billion, turning up the pressure on the takeover target in what would be the largest-ever technology deal.
Qualcomm rejected Broadcom’s sweetened offer of more than $121 billion but opened the door for the first time to talks with its hostile suitor.
Qualcomm and Broadcom will reportedly meet on Wednesday in order to discuss the latter's $121 billion takeover offer, despite Qualcomm's repeated rejections in the past.
US mobile chipmaking giant Qualcomm on Friday rejected for a second time a hostile $121 billion takeover bid from Singapore's Broadcom, but said it was open to "further discussions" on a tie-up.