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Qualcomm AGM delayed as US investigates security concerns at Broadcom
2018-03-05 12:37:00| Telecompaper Headlines
(Telecompaper) The US government has ordered Qualcomm to suspend its annual shareholders meeting for at least 30 days while it investigates whether Broadcom's proposed takeover of the company has implications for national security, according to reports from Bloomberg and the Financial Times. According to Broadcom, Qualcomm asked the Committee on Foreign Investment in the US (CFIUS), part of the treasury, to investigate the bid by the Singapore-based company. Qualcomm did not comment.
Tags: security
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Category:Telecommunications