Qualcomm’s refusal of the latest offer by Broadcom led to a 1.31 percent drop in stocks, as did chipmakers such as Apple, Intel, and AMD.
Chip maker Broadcom continues its efforts to acquire rival Qualcomm. When the firm’s $ 105 billion old bid for the transfer was rejected, it augmented a little more. Broadcom offered Qualcomm $ 121 billion. In the face of this deal, Qualcomm will be in full possession of Broadcom. The board of directors, rejecting the bid of $ 121 billion, considers that the actual value of the companies is much higher. With the spread of 5g technology, Qualcomm’s main value will emerge that will capture the fruits of its investments.
With the proposal rejected, Qualcomm’s shares, which were $ 63, fell back to $ 61.60. You can look at the real-time value of Qualcomm stock quotes from here. Broadcom’s $ 121 billion bid would pay $ 70 for the company’s stock, which is around $ 63.
However, refusing this offer is a bit different than at Qualcomm. Broadcom‘s board of directors would be softened with the insistence that a meeting would be held in the coming days about transfer transactions and stock prices.
Broadcom stocks were down 14.26% and Qualcomm stocks were down 5.34% this year. If we do not go to speed in agreement, both companies will be quite harmful in this situation.