Broadcom Plans $100 Billion Qualcomm Deal to Build Chip Colossus

Broadcom Ltd. Chief Executive Officer Hock Tan is contemplating an audacious $100 billion bid for Qualcomm Inc., people familiar with the matter said, using what would be the largest technology takeover to build a powerhouse that dominates the market for wireless chips.

An offer of about $70 a share would include cash and stock and is likely to be made in the coming days, said the people, who asked to remain anonymous discussing a private transaction that could still not come to fruition.