SCREEEECH: US national security agency puts brakes on Qualcomm takeover

SCREEEECH: US national security agency puts brakes on Qualcomm takeover

6 years ago
Anonymous $gIi3-PxxKB

https://www.theregister.co.uk/2018/03/05/brakes_put_on_qualcomm_takeover/

American national security bods at the Committee on Foreign Investment in the United States (CFIUS) have asked Qualcomm to delay tomorrow’s vote on Broadcom’s proposed $117bn (£84.7bn) takeover.

With a timing to make even the most imaginative soap opera writer slap a palm to face and mutter "steady on now, people", the CFIUS order placed a 30-day hold on proceedings at the very last minute. This derails, temporarily at least, Broadcom’s acquisition ambitions.