EU antitrust regulators want U.S. chipmaker Broadcom to scrap its exclusivity clauses with TV and modem makers to avoid irreparable harm to the market while they investigate whether this tactic and others are designed to block rivals.
Shares in Broadcom fell as much as 8.6pc wiping more than $9 billion off the market value of the company, previously based in Asia but now with its headquarters and main listing in the United States.
WASHINGTON: US President Donald Trump on Monday blocked an unsolicited bid by Singapore-based Broadcom to take over smartphone chipmaker Qualcomm, citing national security concerns. Trump issued an order barring the proposed mega-acquisition, saying there is credible evidence such a deal "threatens to impair the national security of the United States," according to a White House statement. The order came despite Broadcom's assurances that it would complete its move to the United States by early April, ahead of a…
Communications chipmaker Broadcom on Monday said it offered to buy smartphone chip supplier Qualcomm for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever. A tie-up would combine two of the largest makers of wireless communications chips for mobile phones and raise the stakes for Intel, which has been diversifying into smartphone technology from its stronghold in computers. Broadcom’s offer is at a premium of 27.6 percent to Qualcomm’s closing price of $54.84 on…