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Qualcomm rejects Broadcom's $103-billion takeover bid

08:13 EST 13 Nov 2017 | Yahoo News

Qualcomm rejects Broadcom's $103-billion takeover bidShares of Qualcomm were up 1.8 percent at $65.74 in early afternoon trading, while those of Broadcom were down 0.4 percent at $263.95. Broadcom said it would seek to engage with Qualcomm's board and management, adding that it had received positive feedback from key customers and stockholders. "We continue to believe our proposal represents the most attractive, value-enhancing alternative available to Qualcomm stockholders and we are encouraged by their reaction," the company said.


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