Broadcom Makes ‘Inadequate Offer’ Even Worse, Says Qualcomm

Qualcomm has now made it clear that Broadcom’s revised bid is not only below what the company values itself at, but has actually “made an inadequate offer” to begin with “even worse.” Suggesting that the new offer significantly undervalues the business even more so than the original bid had. This follows on from the news earlier today that Broadcom had revised its bid by reducing the amount offered, explaining how this was a reaction to the increase in price (from $ 110 per share to $ 127.50) offered by Qualcomm for NXP Semiconductors. In other words, by Qualcomm offering NXP more, Broadcom decided to offer Qualcomm less to account for what it sees as the percei… |

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