Broadcom Plans Unsolicited Bid for Qualcomm
Broadcom is planning an unsolicited takeover approach to rival chip maker Qualcomm, according to a person familiar with the matter. Broadcom was planning to launch its bid for Qualcomm as soon as this weekend, the person said.
A deal would be enormous, given Qualcomm's current market value of nearly $90 billion. Any potential deal could face regulatory hurdles.