Broadcom raises offer to buy Qualcomm to $121 billion
Bitcoin falls to fresh 2-1/2 month low
February 5, 2018Apple, Cisco team up with insurance companies to offer cyber policy discounts
February 5, 2018This post was originally published on this site
(Reuters) – Chipmaker Broadcom Ltd on Monday raised its offer to buy Qualcomm Inc by 24 percent to more than $121 billion, sweetening the bid and putting more pressure on its rival to come to the table for negotiations.
The new offer values the company at $82 per share – a premium of 24 percent over Qualcomm’s close on Friday.
Qualcomm in November rejected Broadcom’s $70 per share cash-and-stock bid that valued the company at $103 billion.
Our Standards:The Thomson Reuters Trust Principles.