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U.S. government says Broadcom violated order in Qualcomm merger bid

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - Chipmaker Broadcom Ltd violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc, the U.S. Treasury Department said in a letter.The letter, which was dated Sunday, said that Broadcom "took a series of actions in violation" of a previous order from Treasury.Broadcom has been seeking to merge with Qualcomm, which has sought to fend off the takeover. (Reporting by Diane Bartz; Editing by Chizu Nomiyama)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, March 12 2018. 19:43 IST