Behind Qualcomm’s Battle to Defend Broadcom’s Hostile Takeover

All this drama will likely come down to a final showdown on March 6, 2018, when Qualcomm shareholders vote for or against six Broadcom-nominated directors. If these directors are elected, they would be able to override the current Qualcomm board’s opposition to Broadcom’s offer. On November 6, 2017, Broadcom made its first unsolicited bid to acquire Qualcomm for $70 per share, $60 in cash and $10 in stock, which was rejected by Qualcomm’s board in just one week.