Chipmaker Broadcom has been vying to acquire Qualcomm—which makes the processors in a whole lot of Android phones—since November. Several offers have been made, and all of them have been rejected by Qualcomm’s Board of Directors. To get around this, Broadcom is trying to replace Qualcomm’s current board members. Qualcomm issued a statement Thursday urging shareholders to vote against the new board nominees.
Mergers have to be approved by the boards of directors of both companies involved.Read More
Qualcomm urges stakeholders to vote against hostile Broadcom takeover was written by the awesome team at Android Police.