Broadcom’s Broadcom announced that it plans to acquire Qualcomm for US$130 billion (approximately RMB862 billion), triggering an industry earthquake, and that if Chengxing will become the largest acquisition in the history of science and technology. Qualcomm subsequently confirmed that it has received quotes from Broadcom and the company’s board of directors is in discussions with financial and legal experts to discuss whether the transaction is in the best interest of Qualcomm shareholders, but will not comment further before completing the review. According to insiders who are familiar with the situation, Qualcomm is not interested in Broadcom’s sky-high price acquisition, but believes the quotation is too low. It is reported that Qualcomm will attack Broadcom's acquisitions in two ways. In addition to arguing that the quotation is too low, there is an anti-monopoly investigation.
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