Broadcom withdraws from Qualcomm deal following presidential order

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First, there was an offer by Broadcom to acquire Qualcomm for $ 105 billion, followed by an improved one worth $ 121 billion. They were both denied, and later the San Diego upped its NXP acquisition bid that led to a lower offer of $ 117 billion. The discourteous dance was abruptly ended by a presidential order, followed by an official statement that Broadcom is officially terminating its offer. In a press release, the company stated that although it is disappointed with such outcome, it will comply and move forward with its re-domestication process and will hold its Special Meeting…

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