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Enterprise Information Roundup, Feb. 9

Acquisitions

Qualcomm to

Broadcom: No

Qualcomm’s board rejected a better acquisition provide from San Jose’s Broadcom, spurning the most important know-how takeover bid in historical past and sure leaving the way forward for the hostile $121 billion deal to be determined by shareholders subsequent month.

The provide “materially undervalues” Qualcomm and falls “nicely in need of the agency regulatory dedication” wanted to realize approval of such a deal, the San Diego firm stated Thursday. This week Broadcom raised its proposed worth to $82 a share, a bid it known as “greatest and last.

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