If the deal goes through it will be one of the largest acquisitions in history.
Broadcom has offered to buy US chip maker Qualcomm in a deal worth $130 billion.
On Monday, US wireless and broadband giant Broadcom said it would be willing to offer $70.00 per share in cash and stock.
In an investor release, the company said the offer would be given to Qualcomm shareholders through $60 in cash and $10 per share in Broadcom shares, which represents a 28 percent premium over the price of Qualcomm common stock on 2 November — the day before rumors of a potential acquisition impacted the share price.
The pending acquisition of NXP Semiconductors by the US chip maker isn’t putting Broadcom off, either.
“The proposed transaction is valued at approximately $130 billion on a pro forma basis, including $25 billion of net debt, giving effect to Qualcomm’s pending acquisition of NXP on its currently disclosed terms,” Broadcom says.