Broadcom may acquire Qualcomm amid existential legal battle with Apple

Prominent Apple supplier and component maker Broadcom is considering an acquisition of fellow chipmaker Qualcomm for more than $100 billion, in what would be the largest-ever acquisition in the chip business. The news, reported by Bloomberg today, would value Qualcomm shares at around $70, and investors immediately responded enthusiastically by sending Qualcomm stock up nearly 14 percent in what Bloomberg says is the largest stock movement for the company in nearly a decade.Why are stockholders