According to foreign media quoted informed sources said, if Qualcomm refused to Broadcom's 130 billion dollar acquisition offer, Broadcom and its advisers will be ready to launch a proxy battle.
Broadcom CEO Tan Haoke (Hock Tan) is a famous one
On Monday, Broadcom proposed to acquire Qualcomm at $70 a share, and the company wants to use the biggest deal in the technology sector to become a top mobile phone chip supplier.
Qualcomm has said it will evaluate the offer, but informed sources said Qualcomm is ready to reject broadcom. Qualcomm believes that the price of $70 / share undervalued the company, and it is worried that regulators will prevent mergers between the two sides, because the transaction will make Broadcom too high impact on the mobile phone parts market.