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U.S. says Broadcom review confirms security concerns

Reuters 

(Reuters) - The U.S. Treasury Department told Singapore-based Broadcom Ltd it confirmed some of its national security concerns about the chipmaker's unsolicited bid to buy rival Qualcomm Inc , in an apparent attempt to block any deal before it is signed.The Treasury Department also said in a letter to Broadcom, dated Sunday, that a final decision on any transaction agreed by the two companies could be made by U.S. President Donald Trump.Qualcomm has rebuffed Broadcom's $117 billion takeover offer, which is under investigation by the Committee on Foreign Investment in the United States ...

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First Published: Tue, March 13 2018. 03:12 IST
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