Qualcomm's Attitude Changes: Willing to Negotiate with Broadcom for an Offer of $160 Billion

The technology industry drama about Broadcom's acquisition of Qualcomm has continued to be staged since Bloomberg released the news in 2017. Last night, it house reported that Qualcomm actively sent a letter to the CEO of Broadcom for price negotiation. Let's take a look at the relevant contents with the mobile phone portable series.In the report of it house yesterday, Qualcomm said that although it rejected Broadcom's acquisition agreement at the communication meeting on February 14, the board of directors thought the meeting was constructive.The latest news shows that Qualcomm is willing to reach an acquisition agreement with Broadcom as long as the acquisition price can be increased to $160 billion.

According to the financial times, citing information disclosed by sources, Qualcomm is no longer opposed to being acquired by Broadcom. If the latter can raise its acquisition price to $160 billion (including debt), it is willing to reach an acquisition agreement with the other party.Prior to this, Qualcomm executives have been opposed to reaching an acquisition agreement with Broadcom on the grounds that it is difficult to pass the approval of antitrust regulators. According to people close to Qualcomm, Broadcom has recently made enough progress in solving the antitrust problem so that the negotiations can turn to an agreed price.Informed sources involved in the negotiations revealed that Qualcomm insisted that Broadcom must raise its bid by at least 15%, from $79 per share to more than $90 per share, making the transaction the highest amount in the history of the technology industry. $160 billion includes $25 billion of Qualcomm's debt to be borne by Broadcom.

It is reported that several sources close to Qualcomm's senior management said that Qualcomm is willing to reach a deal. Now the decision is in the hands of Broadcom CEO hock tan. He must decide whether to change his attitude and raise his acquisition bid.The above is about the attitude change of mobile phone portability - Qualcomm: willing to talk with Broadcom and offer us $160 billion. If you want to know more relevant information, please pay more attention to eeworld. Eeworld electronic engineering will provide you with more complete, more detailed and updated information.