President Donald Trump Just Killed Broadcom’s Proposed Takeover of Qualcomm

President Donald Trump will not let Broadcom proceed with a blockbuster hostile takeover of Qualcomm.

Trump issued an executive order on Monday that prohibits Broadcom from acquiring Qualcomm for roughly $117 billion, citing national security concerns.

"The proposed takeover of Qualcomm qcom by the Purchaser is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited," the...

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