YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Qualcomm rejects $130B Broadcom bid

Posted online

Qualcomm yesterday rejected an unsolicited $130 billion buyout bid by Broadcom.

"The board has concluded that Broadcom's proposal dramatically undervalues Qualcomm and comes with significant regulatory uncertainty," Qualcomm presiding director Tom Horton said in a statement.

Through its proposal, Broadcom sought to conduct the second-largest deal in American corporate history.

Read more from CNNTech.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Open for Business: The Dress

New owners are in place at The Dress; Shaun Massey, Neil Brock and Jeremy Atchley joined forces start Midwest Supply; and Croley Insurance and Financial Inc. purchased HealthPointe Insurance Solutions LLC.

Most Read