Just over a week ago, we first brought you news that Broadcom was preparing an unsolicited offer to purchase Qualcomm. Not long after, Broadcom made its $130 billion offer official, valuing Qualcomm at $70 per outstanding share.

“Our proposal provides Qualcomm stockholders with a substantial and immediate premium in cash for their shares,

Source: Hot Hardware – Qualcomm Board Unanimously Rejects Broadcom’s Blockbuster 0 Billion Takeover Bid