Broadcom has lowered its offer for Qualcomm in the light of Qualcomm increasing its offer for NXP.
Feb. 21, 2018 –
Broadcom has lowered its bid from $82 a share to $79 a share making its bid now worth $140 billion compared with the previous bid worth $145 billion.
Earlier this week Qualcomm raised its bid for NXP from $110 per share to $127.50 per share increasing the value of its bid from $39 billion to $44 billion.
However, if Qualcomm drops its bid for NXP, Broadcom's original $82 offer for Qualcomm will still stand.
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