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president trump halts broadcom’s bid for qualcomm, citing “national security”

president trump halts broadcom’s bid for qualcomm, citing “national security” Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



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. martin h. simon - pool/getty imagesshare this storyon 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 wo...