Broadcom Ltd (NASDAQ:AVGO) may raise its offer to buy QUALCOMM, Inc. (NASDAQ:QCOM). The buyer could pay by offering “more of its own stock, following consultation with several of Qualcomm’s top shareholders.” Reuters said.
We don’t know when Broadcom will launch its bid.
Readers will be remembering that Broadcom made up of $60 per share in cash and $10 per share of its own stock. But QCOM did not seem to accept.
We encourage readers to follow the story as negotiation could make QCOM’s share price creep up.