Deals
Broadcom Said to Plan $120 Billion Qualcomm Bid, Reuters Says
Photographer: Angel Navarrete/Bloomberg
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Broadcom Ltd. plans to raise its hostile takeover offer for semiconductor rival Qualcomm Inc. to about $120 billion from $105 billion, Reuters reported, citing people familiar with the deal that it didn’t identify.
Broadcom is scheduled to meet with its advisers later Sunday to put finishing touches on an offer of $80 to $82 a share, up from the previous $70, Reuters reported, citing two of the people.