Broadcom Offers $8 Billion Breakup Fee in Qualcomm Proposal
Broadcom (AVGO) didn’t just raise its buyout bid for Qualcomm (QCOM) to $82 per share from $70 per share originally. It also said that it would pay $8.0 billion to Qualcomm if regulators blocked them from merging. Broadcom’s hefty breakup fee offer of $8.0 billion, said to be the second-largest in history, seemed aimed at weakening some of the pillars that underpin Qualcomm’s rejection of its bid.