But says it will move back to the US
Broadcom has scrapped its bid for Qualcomm although it will press on with its plan to move its base to the United States.
Nope, we didn't see that one coming
President Donald (Prince of Orange) Trump has blocked any moves for Broadcom to take over Qualcomm by issuing a presidential order.
Will be "American" two days before Qualcomm takeover bid
Singapore-based Broadcom will have redomiciled to the United States by April 3, two days before the chipmaker’s acquisition target Qualcomm's annual shareholder meeting where it is planning to mount a hostile take-over.
Orders delay to shareholders' meeting on security grounds
There are signs that the writing might be on the wall for Broadcom's bid to take over Qualcomm, as the US government has now intervened to delay the take-over.
Government (CFIUS) stepped in
Broadcom and Qualcomm are fighting for positions on the board as this is currently Broadcom’s only chance to win its hostile takeover of Qualcomm. Qualcomm is very clear that it doesn’t like the $79 offer that it thinks undervalues the company and has rather justified regulatory agency concerns. Now the US government Committee on Foreign Investment in the United States (CFIUS) has got involved and ordered Qualcomm to postpone the shareholder meeting for a month.
While US security panel issues warning to Broadcom
Qualcomm accused Broadcom of attempting to mislead shareholders with disingenuous comments about its willingness to participate in the buyout.
Qualcomm might have made a clever move
Qualcomm might have done a cunning manoeuvre to see off Broadcom's takeover by paying a bit more than expected for NXP.
ISS says the money is still not good enough
Proxy advisory firm Institutional Shareholder Services (ISS) said that Qualcomm should try to negotiate a sale to Broadcom