Trump Issues Order Blocking Broadcom Takeover Of Qualcomm

President Trump late Monday issued an order stating that the proposed Broadcom (AVGO) takeover of Qualcomm (QCOM) is prohibited.

X The Committee on Foreign Investment in the United States had cited national-security concerns in recent days, even though Broadcom is moving to redomicile in the U.S. from Singapore. CIFUS reportedly has been concerned about Broadcom's ties to Chinese firms, including telecom gear gaint Huawei.

Broadcom shares initially fell in late trading, then then reversed...

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