Analysis

3 Takeaways From Broadcom's Blocked $117B Qualcomm Bid

Law360 (March 13, 2018, 6:37 PM EDT) -- Broadcom's hostile $117 billion takeover campaign for Qualcomm was halted by President Donald Trump due to national security concerns, marking the first time a non-Chinese buyer faced a presidential decision and suggesting that some competition woes worked their way into the interagency committee's analysis.

The order, which was issued Monday evening based on a recommendation from the Committee on Foreign Investment in the United States, prevents Singapore-incorporated Broadcom Ltd. from pursuing its $79 per share cash-and-stock takeover bid for California-based Qualcomm Inc. and from attempting to...
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