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Broadcom set to raise Qualcomm bid to US$145bn

Broadcom set to raise Qualcomm bid to US$145bn

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Broadcom is set raise its takeover bid for Qualcomm to $145bn including debt as the Singapore-based chipmaker tries to secure support ahead of a de facto referendum vote on the deal early next month, according to people briefed on the matter. That will set off what is expected to be one of the most bitterly fought hostile takeover fights in recent mergers and acquisition history. (FT)