Look at it this way. They need to make that $117b offer seem like a bad deal to the investors so let's use the number $130b as a base line.
Company is GOING to get broken up, then it's GOING to sell off those divisions that aren't the main shareholder value generators, and when it's all done Qcom will be 45% the size it currently is.
That's the economic reality of this. Shareholder value.