Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
File photo: Paul Sakuma / AP
Broadcom announced it intends to nominate 11 new directors whom it would like appointed to Qualcomm's board, after its proposed acquisition fell through last month. Broadcom's CEO Hock Tan said that his company would prefer to "engage in a constructive dialogue with Qualcomm" despite this step.
Why it matters: It's the start of a hostile takeover move by Broadcom as it attempts to push through an acquisition that is sure to be heavily watched by regulators worldwide. Qualcomm had rejected its $103 billion bid last month.
The Broadcom statement says:
- "Constructive Dialogue Remains Strong Preference"
- "Despite Repeated Attempts by Broadcom, Qualcomm Has Not Engaged"
Editor's note: This story is being updated as further news comes out.