Home / News / Qualcomm Rejects Broadcom's Acquisition Offer

Qualcomm Rejects Broadcom's Acquisition Offer

Qualcomm’s board of directors today unanimously rejected Broadcom’s Nov. 6 offer to buy the company in a deal that would have been valued at approximately $130 billion. The “proposal is not in the best interests of shareholders and dramatically undervalues Qualcomm,” said the Snapdragon maker in a prepared statement. Broadcom’s offer was unsolicited, meaning Qualcomm isn’t actively selling itself. What’s unclear is how aggressive Broadcom will be about buying Qualcomm. It could raise its offer or back down. Broadcom hasn’t yet publicly responded to Qualcomm’s decision.

Source

Check Also

Hands On with the OnePlus 5T

OnePlus is the latest smartphone maker to adopt the 18:9 aspect ratio display. The OnePlus …

Leave a Reply

Your email address will not be published. Required fields are marked *