What could be broadcom strategy going forward

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This is an unfolding story. In early November, Broadcom made an offer to buy Qualcomm for the astonishing sum of $103b (to put it in context, that is $13.55 for every man woman and child that walks this planet).

1) Please explain why. What does Apple have to do with it. Reports from the New York Times and Bloomberg can give a clue. I want you to summarize it in your own words,

2) Who is Broadcom? Where does it have that kind of money?

3) Qualcomm said no. Is that a smart idea (its market capitalization at the time of the offer was around $85 b)? What could be Broadcom's strategy going forward?

Reference no: EM131763776

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