Broadcom bids $103b for Qualcomm, open to going hostile

Broadcom bids $103b for Qualcomm, open to going hostile

Broadcom Corp. signage is displayed outside of the company's headquarters in Irvine, California, U.S., on Friday, April 12, 2013. Photographer: Bloomberg/Bloomberg

Chip maker Broadcom Ltd made an unsolicited $103 billion bid for Qualcomm Inc on Monday, setting the stage for a takeover battle that could reshape the industry at the heart of mobile phone hardware.

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