President Trump signs executive order blocking Broadcom’s acquisition of Qualcomm
Broadcom attempted to purchase Qualcomm back in November, in what would be the single largest takeover of a chipmaker ever. The initial offer was declined by Qualcomm’s board of directors, as was every subsequent counter offer. In response, Broadcom attempted to replace some of Qualcomm’s board, allowing the purchase to be finalized. After months of turmoil, the White House has officially blocked the acquisition with a new executive order.
According to Bloomberg, President Trump signed the executive order based on advice from the Committee on Foreign Investment.
President Trump signs executive order blocking Broadcom’s acquisition of Qualcomm was written by the awesome team at Android Police.