Broadcom uses tactic from 80s to sell Qualcomm offer

NEW YORK: Broadcom Ltd is using a tactic popularised by corporate raiders in the 1980s to convince Qualcomm Inc and its shareholders that it has the means to complete the biggest tech deal ever.

A group of the world’s biggest banks have told Broadcom they are “highly confident” that they’d be able to arrange financing for the US$105bil offer in debt markets.

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