Broadcom reduces bid for Qualcomm

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.