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Wireless

Broadcom expected to sweeten bid for Qualcomm only next year - report

Friday 1 December 2017 | 09:27 CET | News
Broadcom will not likely sweeten its bid for Qualcomm ahead of a proposal next week to replace directors on its board and until closer to Qualcomm's board meeting in March, Bloomberg reported, citing sources familiar with the matter. Broadcom plans to nominate directors to Qualcomm's board ahead of the 8 December deadline, the sources said. Broadcom feels there is strong support for the merger from Qualcomm's shareholders and is still hoping for friendly engagement, the sources added. 

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Categories: Mobile & Wireless
Companies: Broadcom / NXP Semiconductors / Qualcomm
Countries: World
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