Hypegram : U.S. government says Broadcom violated order in Qualcomm merger bid ARTICLE 143684531 U.S. government says Broadcom violated order in Qualcomm merger bid english ARTICLE WASHINGTON (Reuters) - Chipmaker Broadcom Ltd violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc , the U.S. Treasury Department said in a letter.
http://www.reuters.com/article/us-qualcomm-m-a-broadcom-merger/u-s-government-says-broadcom-violated-order-in-qualcomm-merger-bid-idUSKCN1GO1Q4?feedType=RSS&feedName=technologyNews /itemImage/143684531 Mon Mar 12 2018 13:58:12 GMT+0000 (UTC) technologynewstech {}

Hypegram.com is a bot that analyses online news websites with deep learning algorithms to help you discover hotnews, breakingnews and the latest up to the minute news stories updates.

Hypegram.com is an artificial intelligence bot that groups news together to detect newsworthy subjects from a wide range of news sources.

Join in the conversation today! find out what's happening worldwide summarised using one of the smartest algorithms in content curation through language processing.

Back to Index Back to Index
*Biggest Headlines | Business & Politics | Sports | Science & Tech | Design & Arts | Gadgets & Gaming | Movies & Showbiz | Fashion & Lifestyle
feedback / report bug

U.S. government says Broadcom violated order in Qualcomm merger bid


Reuters
193 d ago

technologynews tech

WASHINGTON (Reuters) - Chipmaker Broadcom Ltd violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc , the U.S. Treasury Department said in a letter.
View Full Article On Reuters

advertisement

Similar Articles From the Last Few Days

The Wall Street Journal
193 d ago
Why Intel Is So Wary of a Broadcom-Qualcomm Merger
The revelation that Intel is considering buying Broadcom, a company valued at more than $100 billion, shows the depth to which the chip giant feels threatened by a potential tie-up between Broadcom and its rival Qualcomm.
Venture Beat
193 d ago
Broadcom will relocate to U.S. by April 3 to speed security review of Qualcomm bid
Hoping to avoid a prolonged national security review, Singapore-based Broadcom said it will move its international headquarters back to the U.S. by April 3 as it continues a hostile takeover bid for rival Qualcomm. In a press release today, Broadcom confirmed the date for the first time while also emphasizing its roots in the U.S. Indeed, the whole… Read More
advertisement
New York Times
193 d ago
Trump Puts an End to Broadcom’s Bid for Qualcomm: DealBook Briefing
President Trump on Monday blocked Broadcom’s bid for the chip maker Qualcomm, citing national security concerns.
Reuters
193 d ago
U.S. says Broadcom violated order in process of moving domicile
(Reuters) - Chipmaker Broadcom Ltd violated a U.S. Treasury Department order by not giving sufficient notice to a national security panel of its plans to redomicile in the United States, the Treasury said in a letter to the Singapore-based company.
advertisement
New York Times
192 d ago
Broadcom’s Bid for Qualcomm May Be Headed for Rejection, U.S. Panel Warns
Cfius, a government panel reviewing Broadcom’s $117 hostile takeover bid for chip maker Qualcomm, said it may refer the deal to President Trump for rejection.
TechCrunch
193 d ago
Trump blocks Broadcom’s takeover of Qualcomm
 President Trump has blocked Broadcom’s proposed $117 billion buyout of Qualcomm over security concerns, according to a White House statement. News of the president’s decision was first reported by CNBC. The move could send shockwaves rippling through the broader global economy, as the president continues his push to “put America first” in trade negotiations with… Read More
advertisement
Reuters
193 d ago
Trump signs order prohibiting Broadcom takeover of Qualcomm
WASHINGTON (Reuters) - U.S. President Donald Trump issued an order on Monday prohibiting Broadcom Ltd's proposed takeover of Qualcomm Inc on grounds of national security.
The Verge
193 d ago
Trump issues order blocking Broadcom takeover of Qualcomm, citing national security
President Donald Trump issued an order Monday evening blocking any merger of the chipmaking giants Broadcom and Qualcomm, saying it was necessary to protect national security. There is “credible evidence,” the order says, that if the Singapore-based Broadcom took control of the US-based Qualcomm that the company “might take action that threatens to impair the national security of the United States.”
Broadcom has been trying to purchase Qualcomm for the last several months, but has continually been rebuffed. It’s since tried to stack Qualcomm’s board with friendly members. Trump’s order says that Broadcom will not be allowed to purchase or merge with Qualcomm in any way, and that all of the people Broadcom has proposed to Qualcomm’s board...
Continue reading…
New York Times
192 d ago
Trump Blocks Broadcom’s Bid for Qualcomm
President Trump issued an order prohibiting Broadcom, a Singapore-based chip maker, from purchasing Qualcomm, citing a threat to the national security of the United States.
CNET News
193 d ago
Trump blocks $117 billion Broadcom-Qualcomm merger - CNET
The move comes after a government panel called for an investigation over national security concerns.
CNN
192 d ago
Trump blocks Broadcom merger bid
TechCrunch
193 d ago
Trump administration’s block in Qualcomm vs. Broadcom merger should shake tech to its core
 This weekend, I published a comprehensive overview of the epic hundred-billion-dollar Qualcomm versus Broadcom merger battle that has taken place over the past few weeks. In that post, I concluded that “… the Trump administration is going to attempt to maintain jurisdiction over the merger regardless of Broadcom’s redomicile process [back to the US], and will likely end up… Read More
BBC
193 d ago
Trump blocks Broadcom's bid for Qualcomm on security grounds
Chipmaker Broadcom's attempt to buy US rival Qualcomm "threatens national security", the president says.
Ars Technica
193 d ago
President Trump halts Broadcom’s bid for Qualcomm, citing “national security”
Enlarge / U.S. President Donald Trump hugs Broadcom CEO Hock Tan as Tan announces the repatriation of his company's headquarters to the United States from Singapore during a ceremony in the Oval Office of the White House on November 2, 2017 in Washington, DC. (credit: Martin H. Simon - Pool/Getty Images)
On Monday evening, President Donald Trump officially blocked Broadcom’s efforts to purchase Qualcomm. He issued an executive order saying that there is "credible evidence" to suggest that the deal "threatens to impair the national security of the United States."
Had the proposed deal gone through, it would have allowed the Singapore-based Broadcom to purchase the San Diego-based Qualcomm for $117 billion. The hostile takeover also would have been the biggest deal in the history of the tech industry.
The order, which did not fully explain on what basis the president made this assessment, suggests that the Trump administration is willing to protect American companies against foreign competitors even more than some had realized. Trump recently ordered that tariffs on imported steel and aluminum be put in place, in an attempt to prop up those American industries.
Read 9 remaining paragraphs | Comments
CNBC
192 d ago
Qualcomm falls on blocked Broadcom deal
Trump ordered the permanent end of takeover talks between the rival chipmakers Monday, citing national security concerns.
USA Today
192 d ago
Trump halts Broadcom takeover of Qualcomm
President Trump blocks microchip maker Broadcom Ltd's proposed takeover of Qualcomm Inc on national security grounds, ending what would have been the technology industry's biggest deal ever amid concerns that it would give China the upper hand in mobile communications.
         
 
 
CNET News
191 d ago
Why Trump blocked Qualcomm-Broadcom: It's all about 5G - CNET
The unusual move underscores the importance of 5G. But what does an independent Qualcomm mean for the future of the technology?
CNBC
192 d ago
Schumer praises Trump for killing Broadcom bid to buy Qualcomm
Schumer urged greater scrutiny of foreign entities that seek controlling stakes in U.S. companies.
© 2016 Hypegram, All Rights Reserved