President Trump Blocks Broadcom’s $120 Billion Buyout of Qualcomm

President Trump issued a declaration on Monday blocking Broadcom’s buyout of rival Qualcomm, citing national security concerns.

Broadcom’s $121 billion proposed takeover to bridge the two chip giants would have been the biggest tech buyout in history, but the company’s Singapore headquarters had brought into question whether it would receive regulatory approval. In his statement, President Trump said there was “credible evidence” that the merger potentially “threatens to impair...

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