Qualcomm Bid Is Take Two For Broadcom

Having been rebuffed once in its takeover bid for Qualcomm, Broadcom is set for a round two.
According to a report from Reuters, Broadcom has been having talks with several of Qualcomm’s major shareholders. The company is looking to offer more of its own stock in an effort to get its bid accepted.
On November 6, Broadcom bid $130 billion for its chipmaker rival. The proposal was part-cash and part-stock and based on an offer of $70 per share.