Broadcom's hopes of acquiring Qualcomm might have been quashed for good. President Trump has issued an order blocking Broadcom's proposed takeover and anything "substantially equivalent" to it over concerns that it might "impair the national security" of the country. The order also disqualifies all 15 of Broadcom's proposed directors for Qualcomm. The move follows a letter from the Committee on Foreign Investment in the US warning the companies that it believed the takeover would pose security risks.
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Source: Christina Wilkie (Twitter), CNBC
Trump blocks Broadcom's attempted takeover of Qualcomm posted first on https://www.engadget.com
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