Broadcom said to be delaying higher Qualcomm bid to next year

New York

BROADCOM Ltd isn't planning to increase its US$105 billion offer for Qualcomm Inc ahead of a proposal next week to replace directors on its board, according to people familiar with the matter.

Broadcom doesn't anticipate increasing its US$70-a-share offer until closer to Qualcomm's board meeting in March, said the people, who asked not to be identified because the matter is private. …