Qualcomm Board Unanimously Rejects $121 Billion Acquisition Offer From Broadcom

Qualcomm's Board of Directors has unanimously rejected a $121 billion acquisition offer from Broadcom.

On February 5th, Broadcom offered to acquire all outstanding shares of Qualcomm for $82.00 per share, $60 in cash and $22 in Broadcom stock. The offer was $18 billion higher than its previous offer of $103 billion which was also rejected.

Qualcomm claims that the $121 billion offer materially undervalues the company. It's currently trading at $62.42.





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