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Trump signs order prohibiting Broadcom takeover of Qualcomm

Reuters  |  WASHINGTON 

(Reuters) - U.S. issued an order on Monday prohibiting Broadcom Ltd's proposed takeover of on grounds of national security.

Qualcomm has rebuffed Broadcom's $117 billion takeover offer, which is under investigation by the in the United States, a multi-agency panel led by the Treasury Department that reviews national security implications when foreign entities take over U.S. corporations.

(Reporting by Eric Beech; Editing by Eric Walsh)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 04:13 IST