Broadcom proposes record-breaking $130 billion bid for rival Qualcomm

Chipmaker Broadcom has made an unsolicited bid to buy rival Qualcomm for $130 billion. If the deal is accepted it will be the biggest ever takeover in the technology sector, following a run of billion-dollar consolidation deals in the semiconductor industry.Broadcom president and CEO Hock Tan said the bid is “compelling for stockholders and stakeholders in both companies,” with the combined company able to operate at a larger scale across more product ranges. “We would not make