Broadcom Raises Hostile Bid for Qualcomm to About $121 Billion
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 final offer, according to a statement Monday. The deal would take the form of $60 in cash and the remainder in Broadcom shares.
Qualcomm's board previously rejected Broadcom's original $105 billion acquisition, and has since dug in against the threat of a takeover, with Chief Executive Officer Steve Mollenkopf dismissing the bid as not being worth consideration.
Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Typically, such break-up fees equate to approximately 3 percent to 4 percent of a deal's size.
Previously: Broadcom Offers $105 Billion for Qualcomm; Moves HQ Back to the USA
(Score: 2) by takyon on Tuesday February 06 2018, @02:18AM
Some sources are calling it $146 billion after $25 billion of Qualcomm's debt is accounted for.
http://www.zdnet.com/article/broadcom-submits-final-146-billion-offer-in-qualcomm-takeover-bid/ [zdnet.com]
https://www.ft.com/content/aae857a6-0a0c-11e8-8eb7-42f857ea9f09 [ft.com]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]