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Broadcom, Qualcomm Trade Shots Over Commitment to Make Deal

  • Wary holders unsure on value of $117 billion hostile bid
  • Broadcom says Qualcomm offer of talks is ‘engagement theater’
Bloomberg business news

Why the Broadcom-Qualcomm Battle Is About More Than Price

Updated on

Qualcomm Inc. said it’s willing to engage in negotiations with Broadcom Ltd., indicating the company is more open to being bought. Its hostile suitor dismissed those comments as a disingenuous attempt to avoid concluding a deal.

Following a Friday meeting between executives of both companies, Qualcomm Chairman Paul Jacobs sent a letter to Broadcom Chief Executive Officer Hock Tan, published Monday, inviting him to enter into a nondisclosure agreement and conduct due-diligence talks in order to come to an agreement over price.