Qualcomm pleads for investor patience as it rejects improved Broadcom bid

The awkward courtship continues but it’s getting more difficult for Qualcomm to refuse Broadcom’s advances.
When Broadcom offered an unsolicited $70 per share for Qualcomm back in November last year we were unconvinced by the move, not least because it seemed far too low. Earlier this week Broadcom upped its bid to $82 per share, which we had previously speculated might be a tempting level for Qualcomm investors.
Nonetheless the Qualcomm board has rejected the revised bid on the grou