Qualcomm open to further takeover talks if Broadcom boosts price

Qualcomm open to further takeover talks if Broadcom boosts priceQualcomm 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