Qualcomm isn’t shy of action – it is entangled in lawsuits, signs partnerships and memorandums with smartphone manufacturers and at the same time is being pursued by Broadcom with an aggressive takeover bid. Last week’s offer of $82 per share, $121 billion in total was declined today in a statement on the chipset company’s website.
The Board of Directors believes the second offer is not enough and suggests a meeting with Broadcom “to see if it can address the serious deficiencies in value and certainty in its proposal”. The letter also puts two questions on the table – what is the…