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Broadcom's ambitious chief will shift target after Qualcomm halt: analysts

Reuters 

By Supantha Mukherjee and Sonam Rai(Reuters) - Broadcom Ltd, led by dynamic Chief Executive Hock Tan, is unlikely to put the brakes on an acquisition spree after its $117 billion bid for Qualcomm Inc was blocked by U.S. President Donald Trump on national security grounds.That was the immediate reaction from Wall Street's tech sector analysts to Trump's surprise intervention on Monday afternoon to block what would have been the biggest ever tech merger. Most assumed Broadcom would walk away from the Qualcomm deal and some identified San Jose-based Xilinx Inc and Israel's Mellanox Technologies ...

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First Published: Tue, March 13 2018. 18:44 IST
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