Print Edition - 2018-02-19  |  Money Digest

Qualcomm open to more talks with Broadcom

CALIFORNIA

Feb 19, 2018-

Qualcomm Inc on Friday called a meeting with Broadcom Ltd to discuss the latter’s $121 billion bid constructive and opened the door to more talks, but continued to reject the proposed deal between the semiconductor companies. Qualcomm’s response raises the stakes in a battle over what would be the technology sector’s largest-ever acquisition. The two companies have less than three weeks to negotiate a potential deal until Qualcomm shareholders are asked to vote on a challenge by Broadcom to Qualcomm’s board of directors. Qualcomm has been seeking to walk a fine line between resisting Broadcom’s acquisition approach, which it says undervalues it and is fraught with regulatory risks, and demonstrating to its shareholders and proxy advisory firms that it is willing to engage to secure a better deal if possible. (REUTERS)

 

Published: 19-02-2018 10:06

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