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Broadcom ends bid for Qualcomm


(Reuters) - Singapore-based Broadcom Ltd on Wednesday withdrew its $117 billion bid to acquire Qualcomm Inc, two days after U.S. President Donald Trump blocked the attempt, citing national security concerns. The company said it has also withdrawn its slate of independent director nominees for Qualcomm's annual shareholder meeting.Broadcom, however, expects to continue with its plan to redomicile to the United States. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Arun Koyyur)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, March 14 2018. 16:40 IST