Broadcom officially drops Qualcomm bid after Trump decision

SAN JOSE, Calif. — Two days after President Donald 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 […]
Read The Rest at :