Broadcom officially drops Qualcomm bid after Trump decision

Los Angeles Times Politics 6 months ago

Two days after President Trump blocked Broadcom in its hostile takeover bid of U.S. chipmaker Qualcomm, the Singapore company is officially withdrawing its $117-billion bid.

Broadcom Ltd. said Wednesday that it was disappointed as it withdrew its proposed candidates for the board at Qualcomm Inc., but the plans to move its headquarters to the U.S. will move forward.

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