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Qualcomm and Broadcom met yesterday amid tense veil of acquisition

Contributors of Qualcomm board of administrators met with senior Broadcom reputable for 2 hours the day gone by to talk about main points of the latter’s be offering to obtain the corporate.

Broadcom to begin with presented $70 in keeping with proportion for its competitor chipmaker in November. After being rejected and below speculative eyes and regulatory doubt, it upped the be offering to $82 in keeping with proportion. After rejecting the most recent be offering, Qualcomm penned a letter to Broadcom CEO Hock Tan list its doubts on how the deal would live on regulatory muster and shut in a brief duration. The corporate invited the manager to speak with them.

Smartly, at this level, we’re left questioning what Qualcomm’s “subsequent steps” will probably be. Will a brand new deal be struck? Will the embattled corporate hang its line? Will it proceed to combat for its present management with a board of administrators vote approaching March 6? That’s but to be noticed.

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