The new amount, $120 billion, comes as Qualcomm faces legal battles with Apple and a portfolio of antiquated revenue streams.
As far as takeovers go this one’s hostile enough to enjoy with popcorn.
Broadcom is angling to buy Qualcomm in time for the impending 5G rollout and is now declaring itself all-in on a boardroom buyout.
The new bid is worth $82 a share and comes pretty close to current valuations, but Qualcomm wasn’t a seller in November at $70.
Things may have changed, however, as legal battles with Apple over licenses rage on and profits become harder to come by.
Luckily for Broadcom, if it manages to pull off the takeover, its board plans on shedding the licensing portion of Qualcomm’s business over time and focusing on manufacturing chips.