Qualcomm Rejects ‘Undervalued’ Broadcom Bid, Opens Doors to Talks
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Android
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Technologies
| Posted on: February 9, 2018
Qualcomm on Thursday rejected a record $121 billion (roughly Rs. 7.78 lakh crores) hostile bid from computer chip rival Broadcom but offered to meet with the Singapore-based firm to discuss the recently increased offer. The California-based group said in a letter to Broadcom that the latest offer unveiled earlier this week “materially undervalues Qualcomm” and…
