ADVERTISEMENT

Chipmakers Qualcomm and Broadcom are fighting to figure out the terms of a $160 billion acquisition

Qualcomm's executives had been resisting the deal, but they've come around to the idea of it.

The prospective deal came about in November when Broadcom made an offer to buy its rival Qualcomm.

ADVERTISEMENT

Qualcomm executives initially resisted the deal, but The Financial Times now reports that the company is open to being acquired — but only for a price tag of $160 billion.

That hasn't gone down well at Broadcom, which called Qualcomm's request for negotiations "engagement theater." The company said in a statement that "Broadcom does not believe that the process outlined by Qualcomm today is designed to lead to a prompt agreement."

So the two companies are at somewhat of a stalemate: Qualcomm says it's open to being bought, but for a higher price. And Broadcom still wants to buy Qualcomm, but at a lower price.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

US troop withdrawal from Niger hangs in the balance

US troop withdrawal from Niger hangs in the balance

Detained Binance executives sue Nigerian authorities for human right violation

Detained Binance executives sue Nigerian authorities for human right violation

Nigeria's central bank increases minimum capital base for banks

Nigeria's central bank increases minimum capital base for banks

Sony’s creators convention redefines the creative landscape for content creators

Sony’s creators convention redefines the creative landscape for content creators

Exploring the popularity of progressive jackpot slots in Indonesia

Exploring the popularity of progressive jackpot slots in Indonesia

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

ADVERTISEMENT