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Broadcom: Who Might Be Next on Their List?

Broadcom, which has been pursuing a hostile takeover of Qualcomm the last three months, today fired its latest salvo, cutting the cash portion of its bid and accusing Qualcomm’s board of being irresponsible in yesterday raising Qualcomm’s own bid for NXP Semiconductors (NXPI), a separate deal that has been creeping through the regulatory process for over a year. Broadcom is hoping Qualcomm shareholders will unseat several Qualcomm board members and replace them with Broadcom candidates, during the annual Qualcomm shareholder meeting on March 6th.