Qualcomm has firmly rejected Broadcom’s unsolicited offer to acquire the company, deeming the $130 billion offered as a “significant undervaluation.”
Last week, Broadcom offered to acquire Qualcomm in a deal worth $130 billion, including debt, which would equate to $70 per share in cash and Broadcom stock for shareholders.
At the time of writing, Qualcomm shares are priced at $65.50 pre-market.
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