US Sees National Security Risk From Broadcoms Qualcomm Deal

Last Updated : Monday, Sep 17, 2018

A US government national security panel has identified potential risks that warrant a full investigation of Singapore-based Broadcom $117 billion (roughly Rs. 7.6 lakh crores) bid for chipmaker Qualcomm, a senior US Treasury official said in a letter to the companies on Monday. Shares of Qualcomm slid 3 percent on growing investor concern that such government scrutiny, unusual for a deal that has not yet been agreed, would scupper any takeover by Broadcom.

(Source : gadgets.ndtv.com)