According to reports over the weekend, Broadcom is raising the stakes in its efforts to acquire Qualcomm. They plan to take the wraps off of a new offer worth some $80-82, valuing the proposed deal at $120B.
The saga began in November, when Broadcom made a $105B bid that was rejected by Qualcomm’s board. Broadcom didn’t take rejection well, and nominated its own slate of candidates for Qualcomm’s board of directors and promised to take its bid to shareholders. Since then we’ve been waiting for the next shoe to drop, and apparently it is now time.
