Author: Vitaliy Dadalyan

Qualcomm proposes price talks with Broadcom in potential step toward deal

Qualcomm said on Monday that all of Broadcom's previous offers - which would represent the largest technology deal on record - materially undervalued it, but proposed that the two companies discuss price and look more closely at the other's books. The proposal came after a second meeting between the companies on Friday, and a week before Qualcomm shareholders are scheduled to vote on the make-up of its board. Broadcom has put forward six nominees for election to Qualcomm's 11-member board in a shareholder vote scheduled for March 6, as a way to force deal negotiations with Qualcomm.


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Qualcomm proposes price talks with Broadcom in potential step toward deal

Qualcomm Inc on Monday urged Broadcom Ltd to enter into price negotiations for the first time on Broadcom's $117 billion offer for the company, a potential step toward a deal between the two chipmakers after almost four months of disagreement. Qualcomm said on Monday that all of Broadcom's previous offers - which would represent the largest technology deal on record - materially undervalued it, but proposed that the two companies discuss price and look more closely at the other's books. The proposal came after a second meeting between the companies on Friday, and a week before Qualcomm shareholders are scheduled to vote on the make-up of its board.


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