Qualcomm refused the deal with Broadcom for $ 130 billion

The world's largest manufacturer of Kualcomm mobile phones rejected the merger proposal made by its competitor Broadcom. According to the press release of Qualcomm, the board of directors of the company unanimously voted for this decision.

Qualcomm explained that the potential buyer “significantly underestimated” the manufacturer.

Broadcom on November 6 proposed to buy Qualcomm, expressing his readiness to pay $ 70 for each share. Given the debt of Qualcomm, the total transaction amount was to be about $ 130 billion. If the transaction took place, it would become the largest in the technological industry.

On the precetle of the Qualcomm shall, 1%grew by 1%, and Broadcom papers fell by 0.7%.