Qualcomm gears up to fight Broadcom
 

Hostile take-over

Qualcomm is drawing up its battleplans to fight off a hostile take-over from Broadcom.

The outfit is certain to reject rival Broadcom $103 billion bid as early as this week which would set the stage for one of the IT industry’s biggest-ever takeover battles.

Qualcomm’s board of directors could meet as early as Sunday to review the unsolicited acquisition offer and decide on its strategy, the sources said. The preparations for the board meeting indicate that Qualcomm is poised to rebuff the bid as too low, although it may decide to spend a few more days this week to prepare its full response to Broadcom.

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