Broadcom offers $8 bn to Qualcomm if deal is blocked

Broadcom offers $8 bn to Qualcomm if deal is blockedSingapore-based Broadcom said Friday it would pay rival Qualcomm $8 billion if regulators fail to approve a proposed merger between the two computer chip giants. The "termination fee" offer came a day after California-based Qualcomm rejected a record $121 billion hostile bid as too low, while citing a risk that the proposed tie-up could be blocked by regulatory authorities. Broadcom chief executive Hock Tan said he welcomed Qualcomm's offer of talks on the takeover bid and suggested a meeting in the coming days.




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