Broadcom to end bid for Qualcomm, keeps plan to move to U.S.: sources

Broadcom to end bid for Qualcomm, keeps plan to move to U.S.: sources

6 years ago
Anonymous $gIi3-PxxKB

https://www.reuters.com/article/us-qualcomm-m-a-broadcom/broadcom-to-end-bid-for-qualcomm-keeps-plan-to-move-to-u-s-sources-idUSKCN1GP1ND

Singapore-based Broadcom Ltd is planning to scrap its bid for Qualcomm Inc , after U.S. President Donald Trump blocked the chipmaker's proposed acquisition on national security grounds earlier this week, although it will press on with its plan to move its base to the United States, according to sources familiar with the matter.