Qualcomm rejects Broadcom's $134bn takeover bid

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Qualcomm rejects Broadcom's $134bn takeover bid

Offer 'too low'.

Mobile chipmaker Qualcomm has rejected rival Broadcom Ltd's US$103 billion (A$134 billion) takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm were up 1.8 percent at US$65.74 in early afternoon trading, while those of Broadcom were down ...

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