In 2017, Bloomberg first reported on the dramatic saga of Broadcom's attempt to acquire Qualcomm. Since then, the situation has continued to unfold with twists and turns. Last evening, IT House revealed that Qualcomm had reached out directly to Broadcom's CEO to discuss potential deal terms. Let's take a closer look at this evolving story with Mobile Phone Portable Xiaobian.
[Image: "Qualcomm's Change of Heart: Willing to Negotiate at $16 Billion"]
According to IT House’s report from yesterday, although Qualcomm rejected Broadcom’s initial offer during a meeting on February 14, the company’s board described the discussions as constructive. The latest developments suggest that Qualcomm is now open to an acquisition if the price is increased to $160 billion.
A report by the Financial Times cited intelligence sources indicating that Qualcomm no longer opposes the acquisition. If Broadcom can raise its bid to $160 billion—including Qualcomm’s $25 billion in debt—Qualcomm is willing to finalize the deal.
Previously, Qualcomm executives had resisted the acquisition, citing concerns over regulatory approval from antitrust authorities. However, according to insiders, Broadcom has made significant progress in addressing these issues, allowing negotiations to shift toward price discussions.
Sources involved in the talks revealed that Qualcomm is demanding a minimum 15% increase in the offer, raising the per-share price from $79 to over $90. This would make the deal the most expensive in tech history. The $160 billion total includes the debt that Broadcom would assume.
According to reports, several executives close to Qualcomm have confirmed that the company is now ready to move forward. The final decision now rests with Broadcom’s CEO, Hock Tan, who must decide whether to adjust his stance and increase the offer.
This is the latest update on Qualcomm’s change of heart regarding the acquisition by Broadcom, with a proposed price of $160 billion. For more detailed and up-to-date information, be sure to follow eeworld. eeworld will continue to bring you comprehensive coverage of this developing story.
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