Qualcomm, Broadcom Hold Talks Over Revised $121 Billion Bid - NBC New York

Qualcomm, Broadcom Hold Talks Over Revised $121 Billion Bid

It is the first meeting since Qualcomm rejected Broadcom's revised cash-and-stock bid of $82 per share last week, CNBC reported

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    Qualcomm, Broadcom Hold Talks Over Revised $121 Billion Bid
    Getty Images/David Becker
    In this January 3, 2017 file photo, the Qualcomm Snapdragon 835 processor is displayed during a Qualcomm press event for CES 2017 at the Mandalay Bay Convention Center on January 3, 2017 in Las Vegas, Nevada.

    Qualcomm Inc top executives met with Broadcom Ltd Wednesday for the first time to confer the revised $121 billion bid as a possible deal, CNBC reported. 

    The meeting was attended by Chief Executive Officer Steve Mollenkopf, Chief Financial Officer George Davis and Chairman Paul Jacobs, among others, according to Qualcomm, CNBC reported. 

    It is the first meeting since Qualcomm rejected Broadcom's revised cash-and-stock bid of $82 per share last week, CNBC reported. 

    Quallcom said the new offer still undervalues it and falls short on firm commitments on regulatory issues, CNBC reported