US President Donald Trump has blocked chipmaker Broadcom from pursuing its $117-billion hostile takeover of rival Qualcomm. His order cited “credible evidence” that the proposed deal “threatens to impair the national security of the United States”. However, Broadcom said it was reviewing the order and that it “strongly disagrees” that its proposed acquisition raises any national security concerns.
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05:38 pm on 13 Mar
Source: Inshorts
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