Qualcomm open to further takeover talks if Broadcom boosts price
Qualcomm said Monday it was open to further talks with computer chipmaking rival Broadcom if the Singapore-based firm is willing to raise the price of its hostile bid. The California-based mobile chip giant released a letter to Broadcom saying that a meeting earlier this month had addressed some of Qualcomm's concerns but that the two sides remained in disagreement on price. Last week, Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in the tech sector if completed at an estimated value of nearly $117 billion.
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