Broadcom Ltd. secured as much as $100 billion of debt financing for its hostile bid for Qualcomm Inc. and enlisted two more big private-equity firms, strengthening the chip giant’s hand in the takeover battle.
A dozen banks—including Bank of America Corp., Citigroup Inc., Deutsche Bank AG, JPMorgan Chase & Co. and Morgan Stanley—have agreed to provide up to $100 billion of committed credit facilities, including a $5 billion revolver and bridge financing, according to people familiar with the matter.
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