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Authorities says Broadcom bid for Qualcomm is a nationwide safety danger

The federal authorities stated Broadcom’s proposed acquisition of rival chipmaker Qualcomm may pose a nationwide safety danger and referred to as for a full investigation into the hostile bid.

The transfer complicates an already contentious deal and will increase the chance that Broadcom, which is predicated in Singapore, will finish its pursuit of Qualcomm. Such an investigation is usually a dying knell for a company acquisition.

A authorities panel, the Committee on International Funding in the USA, famous, partially, that the potential danger was associated to Broadcom’s relationships with overseas entities, in response to a letter from a U.S. Treasury official.

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