Evan Vucci | AP
Broadcom CEO Hock Tan speaks as President Donald Trump listens during an event to announce the company can be moving its global headquarters to the United States, inside Oval Office of the White House, in Washington.
Qualcomm’s board said on Thursday — the date of Tan’s letter — which the item had rejected a revised takeover bid through Broadcom. Broadcom had offered $121 billion, its “best in addition to final offer,” although Qualcomm felt the item was “inferior” to its prospects as an independent company.
although Broadcom contends the mega-merger — which would likely eclipse its $37 billion blockbuster merger with Avago as the biggest chip deal — would likely consolidate power inside chip business, giving the combined company leverage to negotiate with big tech companies over everything through servers to self-driving cars.
Of course, all This particular depends on whether the two companies can actually pencil each various other in for a meeting.
“We urge you to meet with us without further delay, in addition to stand ready to meet This particular Saturday or Sunday in completely new York or another mutually convenient location,” Tan wrote, hammering the point home with the closing: “We look forward to meeting with you promptly.”
— CNBC’s Chloe Aiello contributed to This particular report.