Deals
Here's What Wall Street Is Saying About Broadcom Buying Qualcomm
- Analysts optimistic on synergies but caution long road ahead
- Next question is whether Broadcom keeps all of the assets
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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.