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takyon [soylentnews.org] writes:

Broadcom Raises Hostile Bid for Qualcomm to About $121 Billion [bloomberg.com]

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.

Also at NYT [nytimes.com] and Reuters [reuters.com]:

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 [soylentnews.org]

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