Qualcomm, Broadcom plan to meet on February 14

A sign on the Qualcomm campus is seen in San Diego California

According to Reuters, executives at both companies will attend a joint meeting on Wednesday to mull over the details of the deal.

As previously reported, the value of the transaction equates to $60 per share in cash, with an additional stock component taking the total value to $82 per share - a big increase on the original offer of $70.

It said two customers who provide more than $1 billion in chip revenue had said they would likely move designs away from Qualcomm if the deal went through, citing a lack of confidence in Broadcom's ability to continue to lead in technology.

Qualcomm and Broadcom have a Valentine's Day date to discuss what could be the largest tech acquisition in history.

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Broadcom (NASDAQ:AVGO) has secured as much as $100B of debt financing for its attempted takeover of Qualcomm (NASDAQ:QCOM), WSJ reports.

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 and stock - Qualcomm once again rejected the deal.

Tan also pushed to have the meeting over the weekend, expressing disappointment that Qualcomm was not prioritising the meeting having proposed scheduling it for Tuesday, February 13.

The rich offer puts pressure on Qualcomm's board ahead of a March 6 annual meeting, where it must show it is acting in the best interests of shareholders.

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"Qualcomm has offered to meet with Broadcom to see if it can address the serious deficiencies in value and certainty in its proposal".

In the filing on Friday, Qualcomm also raised concerns about potential antitrust issues and said Broadcom would damage, if not destroy, its licensing business that is valued at over $4 billion.

This offer, too, was unanimously rejected by Qualcomm's board of directors.

Broadcom made their original offer of $70.00 per share ($60 in cash and $10 in stock) in November past year, followed by their increased offer on February 5.

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"We urge you to meet with us without further delay, and stand ready to meet this Saturday or Sunday in NY or another mutually convenient location", Tan said in a letter to Qualcomm chairman Paul Jacobs.

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