Qualcomm requests national security review of Broadcom bid

Qualcomm requests national security review of Broadcom bidUS chipmaker Qualcomm postponed its annual shareholders’ meeting after secretly requesting a national security review of Broadcom’s bid to take over the company, the Singapore-based Broadcom announced Monday. Qualcomm shareholders were due to meet Tuesday, but Broadcom said it was informed Sunday night that Qualcomm secretly filed a voluntary request on January 29 for US regulators to investigate the deal, and was ordered to postpone the meeting for 30 days. “It should be clear to everyone that this is part of an unprecedented effort by Qualcomm to disenfranchise its own stockholders,” Broadcom said in a statement.


Source: Yahoo! News