TECH­NOL­OGY: Qual­comm re­jects Broad­com’s bid

Milwaukee Journal Sentinel - - BUSINESS -

Qual­comm re­jected an un­so­licited, $103 bil­lion of­fer from Broad­com, say­ing the pro­posal is sig­nif­i­cantly un­der­val­ued and a tie-up be­tween the mas­sive chip­mak­ers would face sub­stan­tial reg­u­la­tory re­sis­tance. Qual­comm said Mon­day that it’s in a unique po­si­tion to grow on its own. Broad­com said Mon­day that it re­mains com­mit­ted to pur­su­ing a deal.

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