Today's Hard|Forum Post
Today's Hard|Forum Post

Monday November 13, 2017

Qualcomm Tells Broadcom to Forget It

Qualcomm's board has unanimously rejected Broadcom's $103bn buyout proposal, slamming its rival's bid as having "dramatically undervalued" the multi-billion-dollar chipmaker. I'd say Qualcomm wasn't the least bit interested in the buyout and it seems they were kind of angry about it. Anyway, I wonder if this is ever going to happen?

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"After a comprehensive review, conducted in consultation with our financial and legal advisors, the Board has concluded that Broadcom’s proposal dramatically undervalues Qualcomm and comes with significant regulatory uncertainty," said Qualcomm president Tom Horton.