Broadcom's previous $70 per share offer consisted of $60 per share in cash and $10 per share in stock.Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Broadcom and Qualcomm did not immediately respond to requests for comment.Broadcom has said it is very confident a deal can be completed within 12 months of signing an agreement. The deal was approved by European Union antitrust regulators last month, and only China has yet to approve it. Qualcomm expects the government's blessing later this month.The NXP deal still faces an uncertain future as some of its shareholders, including activist hedge fund Elliott Management Corp, have asked Qualcomm to raise its offer. Qualcomm is expected to make a decision later this month.

Source: thestar February 04, 2018 22:30 UTC