Broadcom gives up on Qualcomm buyout after Trump veto

From Engadget - March 14, 2018

Bringing Broadcom and Qualcomm together would have been the technology industry's largest ever deal. The pair could never agree on the price, but negotiations had reached as high as $160 billion -- a figure close to the $165 billion it cost to unite Time Warner and Aol..

Qualcomm had initially rebuffed Broadcom's overtures, initially saying that the offer materially undervalued the company. That was back when the figure was $130 billion, although Qualcomm reps then said that they would meet with their opposite numbers to discuss the offer (by suggesting it was higher).

The saga took a surprising turn on Monday 12th, when the White House issued an order blocking the purchase. The move followed a letter from the Committee on Foreign Investment, which said that letting a foreign company control Qualcomm would pose a security risk.


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