Duration: 2:49

4 views

0

Qualcomm rejects Broadcom acquisition offer.
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.