Qualcomm rejects Broadcom’s blockbuster $130bn takeover bid
[contf] [contfnew] [hhm]CityAM[hhmc] [contfnewc] [contfnewc] Qualcomm has officially rejected a bloc..
Qualcomm has officially rejected a blockbuster takeover bid by Broadcom worth $130bn.
“It is the board’s unanimous belief that Broadcom’s proposal significantly undervalues Qualcomm relative to the company’s leadership position in mobile technology and our future growth prospects,” said Qualcomm executive chairman Paul Jacobs.
This breaking news story is being updated as more information emerges – please refresh the page for the most recent version.
To keep on top of the biggest news stories as they happen, follow @CityAM on Twitter. You can also sign up for our newsletter alerts for updates throughout the day.
CATEGORIES Business