Broadcom takeover bid for Qualcomm

Trump blocks Broadcom takeover bid for Qualcomm

WASHINGTON/March 12, 2018 (AP)(STL.News) —President Donald Trump blocked Singapore chipmaker Broadcom from pursuing a hostile takeover of U.S. rival Qualcomm, ruling the proposed combination would imperil national security. The decision, announced late Monday, abruptly ends Broadcom’s four-month, $117 billion bid to buy Qualcomm — a deal that would have been the largest ever completed in … Continue reading Trump blocks Broadcom takeover bid for Qualcomm