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Wil Broadcom Buy Qualcomm?

Several media outlets are reporting that Broadcom (AVGO) will possibly announce a bid for Qualcomm (QCOM) of around $70 per share. The question here is whether Qualcomm would agree to a deal at this level that despite being a nice premium is actually below where the stock traded a few years back. 

Qualcomm is up about 15% on the news to $62. Will an agreement occur by the end of the year?

Disclosure: Long QCOM 

Wil Broadcom Buy Qualcomm?

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