Broadcom said to view Qualcomm earnings as concerning: sources

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People crowd into the Qualcomm booth to view a series of new products during the annual Consumer Electronics Show on January 4, 2017 in Las Vegas, Nevada.

Broadcom is said to view Qualcomm’s recent earnings report as concerning, though it is still expected to raise its bid for the chipmaker shortly, sources told CNBC.

Broadcom is considering a massive break-up fee to sooth anti-trust concerns, the sources said.

Qualcomm reported first quarter revenue and profit that beat expectations on Wednesday, but its operating profit fell 96 percent year over year to break even as Apple and its partners continued to withhold royalty payments.

This is a developing story. Check back here for updates.