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Qualcomm rejects Broadcom’s $121 billion buyout bid

Qualcomm has declined the offer but proposed a meeting with Broadcom to "address the serious deficiencies in value and certainty in its proposal."
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Qualcomm board unanimously rejects Broadcom's $121B takeover bid

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Qualcomm on Thursday said its board of directors has unanimously rejected a revised $121 billion buyout offer from Broadcom, saying the proposal "materially undervalues" the chipmaker's assets.

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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 i...

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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.

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Qualcomm on Thursday rejected a record $121 billion hostile bid from computer chip rival Broadcom but offered to meet with the Singapore-based firm to discuss the recently increased offer.

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Qualcomm, the world's largest supplier of chips for phones, says the new proposal contains "serious deficiencies in value."


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