Broadcom unveils $121 billion 'best and final' offer for Qualcomm

The takeover battle is at the heart of a race to consolidate the wireless technology equipment sector, as smartphone makers such as Apple Inc and Samsung Electronics Co Ltd use their market dominance to negotiate down chip prices.Qualcomm responded that its board of directors would review the latest offer, and declined to comment further until then.Reuters first reported on Broadcom's new offer on Sunday.