US mobile chipmaking giant Qualcomm on Friday rejected for a second time a hostile $121 billion takeover bid from Singapore's Broadcom, but said it was open to "further discussions" on a tie-up.
Qualcomm said Wednesday its board would "promptly" consider a hostile $121 billion takeover bid by Singapore-based Broadcom following a meeting of top executives of the two computer chipmaking giants.
Singapore-based Broadcom said Friday it would pay rival Qualcomm $8 billion if regulators fail to approve a proposed merger between the two computer chip giants.
Qualcomm on Thursday rejected a record $121 billion hostile bid from computer chip rival Broadcom but offered to meet with the Singapore-based firm to discuss the recently increased offer.
Broadcom raised its bid for rival computer chipmaker Qualcomm on Monday to $121 billion, offering the richest-ever takeover effort in the tech sector in an effort to become the dominant player in the fast-growing market for ...
Winter may be on the way, but Silicon Valley chipmakers are having their moment in the sun.
Qualcomm on Monday rejected a $130 billion bid from fellow computer chip maker Broadcom, setting the stage for a potentially bitter fight for control of a key player in the world of mobile technology.
Qualcomm rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantial regulatory resistance.
In what could be the biggest deal ever in the tech sector, Broadcom on Monday bid $103 billion for rival chip maker Qualcomm to gain position in the booming sector fueled by growth in smartphones and an array of connected ...
Shares of Qualcomm jumped nearly 13 percent Friday after unconfirmed media reports said rival computer chip giant Broadcom may make an unsolicited takeover bid.