Broadcom sweetens Qualcomm takeover offer
Broadcom remains in the hunt for Qualcomm, and it's willing to pay quite a bit more than its initial $105 billion offer for the company from back in November. This morning, the acquisition-hungry chip designer released a revised bid for Qualcomm of $82 per share, up from $70 last year. Given Qualcomm's roughly 1.5 billion outstanding shares, the new offer values the company at about $120.8 billion. With $25 billion of net debt from Qualcomm in the bargain, the total value of the deal rises to about $146 billion.
Broadcom notes that this new offer is a 50% premium over Qualcomm's share price on the last day those shares were unaffected by knowledge of Broadcom's offer and a 56% premium on Qualcomm's "unaffected 30-day volume-weighted average ...