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  • Safi Bello

Qualcomm plans to reject Broadcom's takeover bid

Engadget ---------- Broadcom might have to forget about taking over Qualcomm without a fight -- Reuters sources claim that Qualcomm's board is planning to reject the unsolicited buyout bid. Reportedly, Broadcom's offer of $70 per share, despite setting a record, "undervalues" Qualcomm and doesn't account for the potential regulatory hurdles involved in clinching such a huge deal. The chip giant could voice its objections as early as November 13th, the tipsters said, but might take a few days to ready a fuller response. To learn more click on the picture below to read the article.

Qualcomm plans to reject Broadcom's takeover bid - Read More from Engadget

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