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Qualcomm and Broadcom met yesterday amid tense veil of acquisition

Members of Qualcomm board of directors met senior Broadcom authorities for 2 hours the other day to go over information of the latter’s deal to get the business.

Broadcom at first used $70 per share for its rival chipmaker in November. After being declined and under speculative eyes and regulative doubt, it upped the deal to $82 per share. After turning down the current deal, Qualcomm penned a letter to Broadcom CEO Hock Tan noting its doubts on how the offer would endure regulative muster and close in a brief duration. The business welcomed the executive to talk with them.

Well, at this moment, we’re left questioning exactly what Qualcomm’s “next actions” will be. Will a brand-new offer be struck? Will the embattled business hold its line? Will it continue to defend its present administration with a board of directors vote beginning March 6? That’s yet to be seen.

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