Qualcomm board walks a tightrope after Broadcom meeting
Having rejected its significantly improved acquisition offer Qualcomm met Broadcom to look for common ground, but they don’t seem to have made much progress.
The Qualcomm board has always had two main public objections to Broadcom’s overtures: price and regulatory concerns. The first bid was universally viewed as too low but then Broadcom came back with a significantly improved one a couple of weeks ago.
It seems like the Qualcomm senior management don’t fancy being owned by Br
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