Qualcomm open to Broadcom merger for the right price
Qualcomm has long rebuffed a merger with rival chipmaker Broadcom, but now it looks like the two companies may be closer to a deal. Today, Qualcomm's Chairman of the Board Paul E. Jacobs sent a letter to Broadcom's CEO , Hock Tan. In it, Jacobs outlined that the bulk of Qualcomm's issues have been addressed, but the companies are still too far apart on pricing. Broadcom's current offer is $79 per share (it was previously $82 per share), but Qualcomm's board believes that severely undervalues the company. If the two companies can come to an agreement on price per share, then Broadcom's takeover of Qualcomm looks like it could actually happen. Qualcomm's shares have been lagging behind Broadcom's for years, and Broadcom has expressed interest in its rival for some time. Not to mention that Qualcomm's shareholders are fatigued with its patent licensing business, which has provoked the ire of companies like Apple. The company hasn't shown a lot o...