Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Broadcom Sweetens Qualcomm Offer

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Reuters is reporting that Broadcom Ltd. sweetened its bid to buy Qualcomm Inc. for more than $121 billion, its “best and final offer.”

If the deal were to go through, it would be the largest in tech history, writes Reuters.

Qualcomm indicated it would review the revised proposal and will have no further comment on it until the board completes its review. In November, Qualcomm had rejected the original $103 billion bid as  undervaluing the company.

Singapore-based Broadcom is known for its connectivity chips used in products ranging from mobile phones to servers and Qualcomm provides chips to mobile carrier networks to deliver broadband and data – a business that will benefit significantly due to the roll out of 5G wireless technology.

Written by turbotodd

February 5, 2018 at 9:56 am

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