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Broadcom Raises Qualcomm Hostile Bid to About $121 Billion

  • Qualcomm board previously rejected $105 billion offer
  • Hostile takeover could be largest-ever technology deal
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Bloomberg’s Ed Hammond reports on Broadcom’s attempt to buy Qualcomm.(Source: Bloomberg)
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Broadcom Ltd. has raised its bid for Qualcomm Inc. to about $121 billion, in an attempt to force what could be the largest-ever technology deal.

The new offer of $82 a Qualcomm share will be Broadcom’s “best and final,” according to a statement Monday. The deal would take the form of $60 in cash and the remainder in Broadcom shares. That would represent a 50 percent premium over the price Qualcomm was trading at on Nov. 2, before news of the approach broke, Broadcom said.