Trump pressure scuppers $140bn chipmaker takeover

Trump pressure scuppers $140bn chipmaker takeover
 

Broadcom has abandoned its $140bn bid for Qualcomm two days after it was blocked by President Trump.
The White House said there was "credible evidence" that the bid by Singapore-based chip maker Broadcom may impair the national security of the United States".
The deal would have been the world's biggest technology takeover.
Combining the two firms would create the world's third-largest microchip maker, after Intel and Samsung.
Qualcomm had already rejected the offer in November, saying it "dramatically undervalued" the company.
Broadcomm said that it was still in... read more

 
14 March 2018 in Business, Views: 42
Source: BBC
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30