Broadcom Speeds US Return to Strengthen Qualcomm Bid
Broadcom is speeding up its move back to America, aiming for an April 3 return, as it continues its battle to acquire Qualcomm for $117 billion.
Singapore-based Broadcom Corp. (Nasdaq: BRCM), which claims that it is already "in all important respects a U.S. company," had previously been aiming for a May 6 official return to US shores. (See Feds Want Full Investigation Into Broadcom's Qualcomm Bid and 'Dear Congress' – Broadcom Pledges to Make US the 5G Global Leader.)
The company is trying to demonstrate its American bona fides as the Committee on Foreign Investment in the US (CFIUS) undertakes a "national security" review of the proposed acquisition. The committee is concerned that the Broadcom buyout could give the Chinese the edge in developing 5G.
— Dan Jones, Mobile Editor, Light Reading