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US could block Broadcom's takeover of Qualcomm, officials warn

12:53 EDT 12 Mar 2018 | Yahoo News

US could block Broadcom's takeover of Qualcomm, officials warnUS officials are warning they could recommend against Singapore-based Broadcom's mega-acquisition of smartphone chipmaker Qualcomm on national security grounds. The Treasury Department has also found recent steps to speed up the move of Broadcom's headquarters to the United States violate a government order, according to a letter published Monday by The Wall Street Journal. By speeding up its move to the United States, Broadcom appears to be trying to sidestep a national security review by the Committee on Foreign Investment in the United States, which is chaired by the Treasury Department.


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Commercial and market reports on mergers and acquisitions in the biotechnology, pharmaceutical, medical device and life-science industries. Mergers and acquisitions (abbreviated M&A;) is an aspect of corporate strategy, corporate finance and manageme...