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Qualcomm rejects Broadcom’s blockbuster $130bn takeover bid

[contf] [contfnew] [hhm]CityAM[hhmc] [contfnewc] [contfnewc] Qualcomm has officially rejected a bloc..

By admin , in Money , at November 13, 2017

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.

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