Trump blocks Broadcom's attempt to purchase Qualcomm

President Trump issued a presidential order barring Broadcom from purchasing Qualcomm. “There is credible evidence that leads me to believe that Broadcom … through exercising control of Qualcomm … might take action that threatens to impair the national security of the United States,” Trump wrote in the order. “The Purchaser and Qualcomm shall immediately and permanently abandon the proposed takeover.” The order represents a largely unprecedented action by a U.S. president to prohibit a proposed financial transaction.

Written by Developer on March 12, 2018
Posted Under: Uncategorized