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President Trump blocks the Broadcom takeover of Qualcomm on national security grounds (QCOM, AVGO)

Business Insider Monday, 12 March 2018
President Trump blocks the Broadcom takeover of Qualcomm on national security grounds (QCOM, AVGO)· *President Trump issued an executive order Monday blocking Broadcom's takeover of Qualcomm.*
· *Trump said there is "credible evidence" that Broadcom "might take action that threatens to impair the national security of the United States."*
· *Broadcom is based in Singapore, and Qualcomm is based in San Diego,...
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Credit: Wochit Business - Published < > Embed
News video: Broadcom Will Stay On Deal Path After Qualcomm Halt

▶ Broadcom Will Stay On Deal Path After Qualcomm Halt 00:38

Broadcom's Chief Executive Hock Tan is reportedly unlikely to put the brakes on his acquisition spree, after the microchip maker’s 117 billion dollar bid for Qualcomm was blocked by U.S. President Donald Trump. The Republican supposedly halted the bid on national security grounds. Shares of...

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