Microsoft and Google Don't Want Broadcom to Buy Qualcomm

Microsoft and Google Don't Want Broadcom to Buy Qualcomm

Broadcom (NASDAQ: AVGO) stunned the tech world last month with its unsolicited $105 billion takeover bid for Qualcomm (NASDAQ: QCOM), the biggest mobile chipmaker in the world. Qualcomm promptly rejected the offer, but Broadcom will likely return with a higher bid next year.

The possibility of Broadcom acquiring Qualcomm has raised concerns about the chipmaker upsetting the balance of power between tech giants Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).

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Source: Fool.com