The Broadcom-Qualcomm acquisition saga continues, but with an encouraging development for the potential buyer. Qualcomm is reportedly coming around to the idea of acquisition by Broadcom, if the price is right. Broadcom's last offer stood at a staggering $121 billion, or $79 per share (which once touched $82 per share). Qualcomm's board is of the opinion that the current offer "severely undervalues" the company, without further guidance on what would constitute a fair price.

"Broadcom reiterated in the February 23 meeting that its reduced $79.00 per share proposal is its best and final proposal. The Qualcomm Board is unanimous in its view that each of Broadcom's proposals, including its prior $82.00 per share proposal, materially undervalues Qualcomm, and the Board encourages Broadcom to enter into mutual due diligence and price negotiations," Qualcomm stated in a press-release.