Broadcom’s move to takeover Qualcomm just hit a permanent setback: President Trump has blocked the business plan, citing national security concerns. Broadcom, a Singapore-based company, has been attempting to nab Qualcomm for months, something the latter company has been resistant to. Under the legal declaration, Trump has blocked the “substantially equivalent merger, acquisition, or takeover” of Qualcomm by Broadcom

Broadcom Qualcomm takeover blocked by Trump over national security worries

Broadcom’s move to takeover Qualcomm just hit a permanent setback: President Trump has blocked the business plan, citing national security concerns. Broadcom, a Singapore-based company, has been attempting to nab Qualcomm for months, something the latter company has been resistant to. Under the legal declaration, Trump has blocked the “substantially equivalent merger, acquisition, or takeover” of Qualcomm by Broadcom

See the original article here : Broadcom Qualcomm takeover blocked by Trump over national security worries

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