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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

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February 26, 2018, 11:00 AM UTCUpdated onFebruary 26, 2018, 10:22 PM UTC

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.