Sources disclosed that a number of banks, including Bank of America, Citigroup, Deutsche Bank, JP Morgan and Morgan Stanley, have agreed to provide Broadcom with up to $ 100 billion in credit instruments, including a $ 5 billion revolving loan and Bridge loan.
Sources said private equity firms KKR and CVC Capital Partners also agreed to work with Silver Lake to provide the deal with 6 billion U.S. dollars of convertible bonds.
Broadcom, which has been seeking to acquire QUALCOMM since November last year, has nominated a select group of Qualcomm board members to vote for Qualcomm's board of directors in early March, a week before Broadcom raised its offer to $ 82 a share in cash and stock , The total amount of transactions will exceed 120 billion US dollars.
This acquisition of funding allows Broadcom to provide a full $ 60 cash per share bid.
Broadcom's acquisition of this financing means that the biggest issues in the transaction are resolved, and if the deal is successful, it will become the largest acquisition in the history of the technology industry.
On the other hand, the addition of two well-known private equity firms also helped push the deal.
But the deal faces other hurdles, with Qualcomm saying Broadcom's bids are still too low and there is a serious regulatory risk that Qualcomm has agreed to discuss the acquisition with Broadcom, which is expected to meet earlier this week.
Silver Lake has been an important proponent of Broadcom, which has previously said it will provide Broadcom with $ 5 billion of convertible bonds.