Sweet offer: A signage outside Broadcom’s headquarters in Irvine, California. Broadcom has raised its offer for Qualcomm to over US121bil. — Bloomberg
KUALA LUMPUR: Chipmaker Broadcom Ltd has raised its offer to buy Qualcomm Inc by 24% to more than US$121bil (RM472bil), sweetening the bid and putting more pressure on its rival to come to the table for negotiations.
“Qualcomm and its board now have a tough decision as this is a compelling offer in our opinion,” said analyst Daniel Ives of GBH Insights.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
