Qualcomm gets hedge fund nod with raised offer for NXP

The new deal puts pressure on fellow chipmaker Broadcom (AVGO.O) to decide if it will stick with a stipulation in its $121 billion (86.68 billion pounds) bid for Qualcomm that the company not raise its previous $110 a share offer for NXP. It also enables Qualcomm shareholders to better assess the standalone value of Qualcomm as they consider whether to back it in a shareholder vote on its fight with Broadcom on March 6.