Broadcom Plays the Long Game With Qualcomm

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There are two things that Broadcom Ltd. made very clear Monday morning: It is still very interested in buying Qualcomm Inc., but it is in no particular hurry to do so.

The former is no surprise. Broadcom’s unexpected $105 billion offer to buy Qualcomm a month ago was widely seen as an opener, particularly given Qualcomm’s lack of enthusiasm at the prospect of being taken over by its one-time legal foe. Broadcom then indicated that it was in for the long haul, a fact confirmed Monday with its announcement of an alternative…

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