The bigger picture: Qualcomm has been fighting off Broadcom's $105 billion takeover offer. But Broadcom said that its current bid is contingent in part on the NXP transaction being completed at the original level of $110 a share. Analysts and investors have speculated that, by paying more for NXP, Qualcomm could effectively persuade Broadcom to walk away — though some also have suggested that Elliott's move could be a useful way to persuade Broadcom to raise its price.