Broadcom offers $103 billion for Qualcomm, sets up takeover battle

(Reuters) - Chip maker Broadcom Ltd on Monday announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion (£78.5 billion) as it looks to boost its presence in the wireless market, setting the stage for what could be one of the biggest takeover battles.

from Reuters: Top News http://uk.reuters.com/article/uk-qualcomm-m-a-broadcom/broadcom-offers-103-billion-for-qualcomm-sets-up-takeover-battle-idUKKBN1D61EK?feedType=RSS&feedName=topNews