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Qualcomm frustrates Broadcom with higher bid for NXP

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Trisha Lewis
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This potential deal no doubt frustrates Broadcom as it mulls over its own attempts to take over Qualcomm.

The NXP deal isn’t final yet, but if it goes through it could put Qualcomm in a terrific negotiating position.

In November last year, Broadcom surprised the tech world by offering about $105 billion to take over rival Qualcomm.

A week later, Qualcomm rejected the deal, claiming the price “significantly undervalued” Qualcomm’s business.

Then, two weeks ago, Broadcom made a new bid, this time for about $121 billion.

The move is no doubt frustrating for Broadcom, as a takeover of NXP would bring more value to Qualcomm, forcing Broadcom to up its bid even higher.

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Trisha Lewis
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