Tom Horton

2 results

In a statement on Monday, Qualcomm said Broadcom’s nominees are “inherently conflicted given Broadcom’s desire to acquire Qualcomm in a manner that dramatically undervalues” the chipmaker. Photograph: Reuters

Broadcom turned its $130 billion (€110 billion) takeover offer for Qualcomm into a full-blown hostile bid on Monday after it proposed overthrowing the(...)

Broadcom’s proposal “dramatically undervalues Qualcomm and comes with significant regulatory uncertainty,” Qualcomm presiding director Tom Horton said.

Mobile chipmaker Qualcomm on Monday rejected rival Broadcom’s $103 billion takeover bid, saying the offer “dramatically” undervalued the US company. (...)