White House blocks Broadcom bid to acquire chip maker Qualcomm

Broadcom’s dream of dominating the mobile chip business by taking over Qualcomm is apparently dead. The White House issued a statement late on Monday: “The proposed takeover of Qualcomm by the Purchaser is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited,” according to the order describing …

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