Broadcom Qualcomm bid in US security probe

Broadcom Qualcomm bid in US security probe
 

The US government has ordered a national security review into a takeover bid from Singapore-based chipmaker Broadcom to buy its embattled US rival Qualcomm.
The deal is worth about $140bn (£101bn) and would be the biggest the technology sector has ever seen.
If successful it would also create the world's third-largest chipmaker behind Intel and Samsung.
But the US government has asked for 30 days to review the potential deal.
The move by the Committee on Foreign Investment in the United States (CFIUS) is being viewed as unusual as it rarely becomes involved in deals before an agreement is... read more

 
6 March 2018 in Business, Views: 45
Source: BBC
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