• Term Sheet - Tuesday, March 13

    6 monthes ago - By Fortune

    BROADCOM BOMBSHELL And just like that, President Donald Trump killed Broadcom's proposed hostile takeover of Qualcomm.
    On Monday evening, Trump issued an executive order that prohibits Broadcom from acquiring the chipmaker for roughly $117 billion, citing national security concerns. As part of the order, all of Broadcom's director nominees are also disqualified from standing for election as directors of Qualcomm.
    In a statement, Broadcom said it "strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns."
    The president based his decision on...
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  • Qualcomm is sinking after Trump blocked its $117 billion takeover by Broadcom citing national security

    Qualcomm is sinking after Trump blocked its $117 billion takeover by Broadcom citing national security

    6 monthes ago - By Business Insider

    President Trump issued an executive order Monday blocking Broadcom's takeover bid for Qualcomm , citing national security.
    Shares of Qualcomm sank on the news; while Broadcom rose slightly. Intel, a US competitor, also rose.
    It is a highly unusual move by a President.
    Shares of Qualcomm sank more than 5% in early trading Tuesday after President Donald Trump blocked Broadcom's proposed buyout of the chipmaker in an executive order late Monday, citing national security.
    The highly unusual order effectively squelches what could have been one of the largest technology acquisitions of all time...
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  • Qualcomm is sinking after Trump blocked its $117 billion takeover by Broadcom citing national security

    Qualcomm is sinking after Trump blocked its $117 billion takeover by Broadcom citing national security

    6 monthes ago - By Business Insider

    President Trump issued an executive order Monday blocking Broadcom's takeover bid for Qualcomm , citing national security.
    Shares of Qualcomm sank on the news; while Broadcom rose slightly.
    It is a highly unusual move by a President.
    Shares of Qualcomm sank more than 5% in early trading Tuesday after President Donald Trump blocked Broadcom's proposed buyout of the chipmaker in an executive order late Monday, citing national security.
    The highly unusual order effectively squelches what could have been one of the largest technology acquisitions of all time. Trump said there was "credible...
    Read more ...

     

  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    6 monthes ago - By Business Insider

    Here is what you need to know.
    Trump blocks Broadcom's $117 billion takeover of Qualcomm. President Donald Trump issued an executive order Monday blocking Broadcom's takeover of Qualcomm, saying there was "credible evidence" Broadcom "might take action that threatens to impair the national security of the United States."
    Trump just dealt Wall Street a $135 million blow. Moelis & Co., Citi, Deutsche Bank, JPMorgan, Bank of America Merrill Lynch, and Morgan Stanley were advising Broadcom on the potential merger, and were set to make between $110 million from $135 million in fees if the deal...
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  • In 'New Cold War,' Trump Decision To Block Broadcom-Qualcomm Deal Is Odd But Defensible

    6 monthes ago - By Forbes

    Cyber not steel is the threat today. This decision, while handled atypically, is far easier to defend than recently announced steel tariffs, which were also based on national security interests.
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  • DealBook Briefing: How Trump Killed Broadcom's Quest for Qualcomm

    6 monthes ago - By NY Times

    With one order citing national security concerns, the president swiftly ended the monthslong campaign to strike the biggest-ever tech deal.
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