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Qualcomm and Broadcom agree non-price-related conditions of takeover
Feb. 26, 2018 –
Qualcomm is offering a break-up fee to Broadcom of 9% of enterprise value ($7.38 billion) if regulatory approval is refused by any fault of Qualcomm.
Broadcom earlier promised Qualcomm an $8 billion break-up fee if regulators blocked the deal.
If no agreement is reached beforehand, then a March 6 vote could give Broadcom a majority on the Qualcomm board which would settle the matter on Broadcom's terms.
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