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Qualcomm rejects Broadcom Ltd's $121 billion acquisition proposal

U.S. semiconductor company Qualcomm Inc rejected $121 billion acquisition proposal from competitor Broadcom. Broadcom offered $82 per share of its competitor.

Photo: REUTERS/Mike Blake

Qualcomm's Board found that Broadcom substantially underestimates Qualcomm. Nevertheless, the company proposes to organize a meeting for a possible settlement of the issue.

This is the third time that Qualcomm refuses to merge with Broadcom. Earlier, the company rejected $100 billion and $103 billion acquisition offers.


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