Qualcomm rejects Broadcom's revised $121 bn takeover offer
US mobile chipmaker Qualcomm on Friday announced that its board unanimously rejected Broadcom's $121 billion takeover bid. Qualcomm said that the offer "materially undervalues" the company. In November last year, Qualcomm rejected Broadcom's $103 billion takeover bid, saying that it "dramatically" undervalued the company in relation to its leadership position in mobile technology.