HUGE TECH DEAL: At a meeting with representatives of Broadcom, Qualcomm’s representatives listened, but did not engage with their counterparts, a source said
Taipei Times
Date: Feb 16, 2018
By: Bloomberg
Qualcomm Inc said its board will convene to discuss the next steps on Broadcom Ltd’s
US President Donald Trump, front right, jokes with Broadcom Ltd CEO Hock Tan in the Oval Office at the White House in Washington on Nov. 2 last year as he announces that Broadcom would be moving back to the US. Photo: AFP
US$121 billion acquisition offer after a meeting with its hostile suitor on Wednesday, giving no indication of whether the two chipmakers are closer to agreeing on the largest deal in the history of technology.
“We met with representatives of Broadcom for two hours earlier today, and listened carefully to what they had to say,” Qualcomm said in a statement after the meeting in New York. “The Qualcomm board will promptly meet to discuss the meeting and to determine next steps.”
While Qualcomm’s representatives listened, they did not engage with their counterparts, according to a person familiar with Broadcom’s view of how the meeting went. [FULL STORY]
