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Science & Technology

Broadcom Is Adjusting Its Buyout Offer For Qualcomm

The Qualcomm headquarters building in San Diego, Nov. 2, 2011.
Associated Press
The Qualcomm headquarters building in San Diego, Nov. 2, 2011.

Broadcom is adjusting its buyout offer for Qualcomm, a day after that chipmaker raised its bid for NXP Semiconductors to approximately $43.22 billion.

Broadcom Ltd. said Wednesday its revised offer includes $57 in cash and $22 in Broadcom shares. Its prior bid included $60 in cash and the rest in stock.

RELATED: San Diego Contemplates A Region Without Qualcomm

Broadcom said that if Qualcomm doesn't complete the NXP takeover, it will go back to offering $60 in cash and the rest in Broadcom stock. The proposed deal's value still tops more than $121 billion in cash and stock.

Broadcom said the rest of the terms are unchanged, including an $8 billion termination fee.

San Diego-based Qualcomm Inc. makes the Snapdragon chips used in smartphones and tablets. A tie-up with Broadcom would be the largest tech deal in history.