Broadcom Secures Funding for Proposed Qualcomm Acquisition

Broadcom Limited (NASDAQ: AVGO) (“Broadcom” or the “Company”) today announced that it has signed committed financing agreements to fund its proposed acquisition of Qualcomm Incorporated (NASDAQ: QCOM) (“Qualcomm”). A group of 12 financial institutions have agreed to provide up to $100 billion of committed credit facilities, including a $5 billion revolving credit facility and bridge financing, and investment funds…