Trump Blocks Broadcom's Qualcomm Acquisition

Dan Jones
3/12/2018
50%
50%

The White House issued an order late Monday blocking Broadcom from acquiring Qualcomm for $117 billion.

"The proposed takeover of Qualcomm by the Purchaser [Broadcom] is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited," the White House said in a statement Monday.

The White House imposition shortly follows the annoucement of a CFIUS national security review of the proposed buyout. (See Broadcom Speeds US Return to Strengthen Qualcomm Bid.)

This appears to represent the end of Broadcom's multi-billion dollar bid to buy Qualcomm, which the board of the San Diego-based cellular silicon giant has always resisted.

Meanwhile, Intel is reportedly looking into buying Broadcom. (See Intel Could Bid for Broadcom – WSJ Report.)

— Dan Jones, Mobile Editor, Light Reading

(14)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Page 1 / 2   >   >>
DanJones
50%
50%
DanJones,
User Rank: Blogger
3/14/2018 | 2:23:46 PM
Re: Globalism
Bcom says today they'll still relocate to the US.
DanJones
50%
50%
DanJones,
User Rank: Blogger
3/14/2018 | 12:08:02 PM
Re: Globalism
Broadcom says it has formally dropped the bid:

 

https://www.lightreading.com/components/mobile-wireless-components/broadcom-formally-drops-$117b-qualcomm-bid/d/d-id/741416?
mendyk
50%
50%
mendyk,
User Rank: Light Sabre
3/14/2018 | 9:07:51 AM
Re: Globalism
The beauty part of the "national security" block is that it's almost impossible to refute. Kind of like the "I was afraid for my life" defense that has worked so well in police-involved shootings.
gregioffe
50%
50%
gregioffe,
User Rank: Light Beer
3/13/2018 | 8:08:23 PM
Re: Globalism
Nah, that was too close to home... a) B percieved by current administration as an aggressive firebrand and had to be whipped in line , B) Too many eggs in one strategic basket if B would gobble the Q, C) The area is too sensitive to DoD and future advances (refer to A and B)
DanJones
50%
50%
DanJones,
User Rank: Blogger
3/13/2018 | 6:15:42 PM
Re: Globalism
They have said it'll be completely relocated by April 3rd so we will indeed see...
rocket101
50%
50%
rocket101,
User Rank: Light Sabre
3/13/2018 | 2:20:42 PM
Re: Globalism
Lets see if Broadcom still relocates to USA, or stays in Singarpore.
DanJones
50%
50%
DanJones,
User Rank: Blogger
3/13/2018 | 2:14:10 PM
Re: Globalism
Interteresting, thanks!
Gabriel Brown
50%
50%
Gabriel Brown,
User Rank: Light Sabre
3/13/2018 | 12:42:41 PM
Re: Globalism
Coincidentally, I just read Prisoners of Geography, so I should refrain from commenting as I now think I'm a mini expert on geo-politics. Obviously, I am not. But I could figure out that these things play out over millenia.

The book's perspective a little bit "British public school boy", but worth a read neverthless:

https://www.goodreads.com/book/show/25135194-prisoners-of-geography 

Probably technology and geo-politics would be a good subject for a PhD or a career in the commentariat.
mendyk
50%
50%
mendyk,
User Rank: Light Sabre
3/13/2018 | 12:24:41 PM
Re: Globalism
Ex-President Bannon was clear that U.S. economic nationalists consider China the biggest threat. Broadcom isn't based in China, but it's close enough as far as that particular group is concerned. "National security" is a convenient reason for this action, but it may not be the primary reason.
Gabriel Brown
50%
50%
Gabriel Brown,
User Rank: Light Sabre
3/13/2018 | 12:10:12 PM
Re: Globalism
We had pretty good warning that this proposed deal would be controversial and unlikely to be signed off by the US government.
Page 1 / 2   >   >>