Qualcomm said Monday it was open to further talks with computer chipmaking rival Broadcom if the Singapore-based firm is willing to raise the price of its hostile bid. The California-based mobile chip giant released a letter to Broadcom saying that a meeting earlier this month had addressed some of Qualcomm’s concerns but that the two sides remained in disagreement on price. Last week, Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in the tech sector if completed at an estimated value of nearly $117 billion.
Source: Yahoo! News