Qualcomm says no thanks to Broadcom’s $105 billion acquisition offer

Qualcomm has rejected Broadcom Ltd.’s $105 billion acquisition offer, kicking off what would be the largest technology takeover battle in history.
Qualcomm recommended shareholders spurn the deal, saying it’s an opportunistic move by Broadcom to buy the wireless-chip maker on the cheap. Qualcomm also said the transaction may face regulatory scrutiny that would cast doubt on its completion. A Broadcom representative didn’t immediately respond to a request for comment.
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