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.

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.

How General Motors Is Revamping Its Slowest-Selling Crossover SUV

Most of GM's crossovers have done extremely well -- but not all.

End of term limits carries political risks for China’s Xi

China's ruling Communist Party's proposed scrapping of a limit on presidential terms is upending three decades of efforts to restrict how long top leaders can hold office and setting the stage for party ...

GE names accounting, turnaround experts to board

The nomination of Leslie F. Seidman, a former chairman of the Financial Accounting Standards Board, came after GE unveiled a $6 billion (4.27 billion pounds) charge related to its insurance businesses and, on Friday, said it would restate results for 2016 and 2017 because of accounting changes. The other two appointees are Thomas Horton, who oversaw the restructuring and merger of American Airlines with US Airways, and Lawrence Culp Jr., who as former CEO of Danaher Corp transformed the company from a manufacturer into a science and technology firm.

Buffett: We want our directors to stand in the shoes of o…

Warren Buffett, Berkshire Hathaway chairman and CEO, explains why he does not give directors stock options.

Kenworth opens first Hawaii dealership