Broadcom

Broadcom confirms it has secured up to $100 billion in debt to cover Qualcomm bid

Broadcom has confirmed reports from last night that it has secured “up to” $100 billion in debt funding to cover its proposed acquisition of Qualcomm. Over the months-long saga, Qualcomm has reject previous takeover offers from the rival chip company, and after Broadcom submitted a revised $121 billion bid last week — consisting of cash …