Broadcom's deal for Qualcomm is in serious jeopardy, and it might have to abandon its bid and come back later

Broadcom's deal for Qualcomm is in serious jeopardy, and it might have to abandon its bid and come back later

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/06/broadcom-qualcomm-deal-in-jeopardy-after-cfius-letter.html

Broadcom's attempt to buy Qualcomm is in jeopardy after the U.S. Treasury's Committee on Foreign Investment in the United States outlined concerns it had about the transaction in a March 5 letter addressed to two of Broadcom's lawyers.

CFIUS listed several issues, including Broadcom's reputation for cutting research spending, a concern Microsoft and Google shared, and potential national security risks that could arise from exploiting or compromising Qualcomm's assets through arrangements with "third party foreign entities," according to the letter.