Recode Daily: The Trump administration delayed Singapore chipmaker Broadcom’s hostile takeover bid for U.S. chipmaker Qualcomm

Recode Daily: The Trump administration delayed Singapore chipmaker Broadcom’s hostile takeover bid for U.S. chipmaker Qualcomm

6 years ago
Anonymous $gIi3-PxxKB

https://www.recode.net/2018/3/6/17083412/qualcomm-broadcom-takeover-washington-net-neutrality-pitaro-espn-disney-midwestern-vc-billionaire

You have probably been ignoring the $117 billion takeover fight between Broadcom and Qualcomm, but now the Trump administration is paying attention. That’s because chipmaker Broadcom is based in Singapore and Qualcomm is based in San Diego, and the White House isn’t sure an Asian buyer should own a big, U.S. tech company. Qualcomm management agrees, and has been fighting off Broadcom’s advances for months. This week, a secretive government panel called the Committee on Foreign Investment in the United States moved to stall the takeover for 30 days while it reviews the deal. [The New York Times]

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Recode Daily: The Trump administration delayed Singapore chipmaker Broadcom’s hostile takeover bid for U.S. chipmaker Qualcomm

Mar 6, 2018, 5:36pm UTC
https://www.recode.net/2018/3/6/17083412/qualcomm-broadcom-takeover-washington-net-neutrality-pitaro-espn-disney-midwestern-vc-billionaire >You have probably been ignoring the $117 billion takeover fight between Broadcom and Qualcomm, but now the Trump administration is paying attention. That’s because chipmaker Broadcom is based in Singapore and Qualcomm is based in San Diego, and the White House isn’t sure an Asian buyer should own a big, U.S. tech company. Qualcomm management agrees, and has been fighting off Broadcom’s advances for months. This week, a secretive government panel called the Committee on Foreign Investment in the United States moved to stall the takeover for 30 days while it reviews the deal. [The New York Times] >[Want to get the Recode Daily in your inbox? Subscribe here.]