Bid for Qualcomm Increased by Broadcom to $82 Per Share

By Maurizio Pesce from Milan, Italia [CC BY 2.0] via Wikimedia Commons

The world’s biggest tech deal ever recently got a whole lot bigger – that is, if ever it continues ahead.

Broadcom has increased its bid for Qualcomm to $82 (£58.50) per share in a deal that could be valued at a blockbuster $146bn.

Broadcom had initially made an unsolicited bid of $70 per share for the chipmaker of the iPhone, an offer that was rejected by the board.

Broadcom said that this offer is the “best and final” one of the company and is a 50 percent premium on the share price of Qualcomm before news of the original deal were released.

The newest offer arrives in the form of $60 in cash and the rest in shares in Broadcom.

The Silicon Valley firm that is based in Singapore said that the said takeover was “vastly superior to Qualcomm’s standalone prospects.”

On the other hand, the shares of Qualcomm dropped by more than two percent after some analysts said that they think that Apple will stop making use of its technology.