Qualcomm CEO Sees ‘No Path to Value’ in Broadcom Tie-Up

Qualcomm chief executive Steve Mollenkopf on Thursday reaffirmed his opposition to a hostile takeover bid from computer chip rival Broadcom, saying the deal offers “no real path to value.” The comments came days after Singapore-based Broadcom escalated its efforts on a $130 billion bid by proposing a slate of directors to unseat the Qualcomm board of directors. Mollenkopf, speaking at an event hosted by The Economic Club of Washington, said that “we always have discussions” on potential tie-ups but that Qualcomm’s future is well-positioned as an independent company. He added that “we didn’t think the offer…

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