Deals
Broadcom Said to Plan Qualcomm Bid for Over $100 Billion
- Cash-and-stock bid of about $70 per share expected in days
- Broadcom offer would be biggest-ever takeover of a chipmaker
Broadcom Ltd. is considering a bid of more than $100 billion for Qualcomm Inc., according to people familiar with the matter, in what would be the biggest-ever takeover of a chipmaker.
Broadcom is speaking to advisers about the potential deal, said the people, who asked not to be identified because talks are private. The offer of about $70 a share would include cash and stock and is likely to be made in the coming days, the people said. A final decision on whether to proceed has not been made, they said.