Instant Alert: Qualcomm rejects Broadcom's revised $121 billion buyout offer

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Qualcomm rejects Broadcom's revised $121 billion buyout offer by on Feb 8, 2018, 4:41 PM Advertisement Chipmaker Qualcomm said on Thursday its board had unanimously rejected Broadcom's revised $121 billion buyout offer. The board has determined that Broadcom's proposal "materially undervalues" Qualcomm and falls short of the firm regulatory commitment it would demand given the significant downside risk of a failed transaction, the company said. Qualcomm also said it has offered to meet with Broadcom to see if it can address the serious deficiencies in value and certainty in its proposal. Broadcom on Monday increased its offer to buy Qualcomm to $82 per share from $70 per share. SEE ALSO: The critical secret code that allows iOS devices to boot up has leaked online — and Apple has confirmed it's real   Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011