Broadcom Ltd. made a $105 billion offer for Qualcomm Inc. Monday, in what will be the largest technology deal ever if it’s successful. That’s a big if.
Qualcomm is already preparing to fend off the unsolicited bid, arguing that it undervalues the company, according to people familiar with the matter. Broadcom, seeking to build a powerhouse in smartphone technology, has said it won’t give up on this deal easily. It’s prepared to launch a proxy battle should Qualcomm spurn the $70-a-share proposal, a person familiar with the matter has said.
