Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#1

Post by coloneltcb » Mon, Mar 12, 2018, 10:34 PM UTC

Trump Issues Order to Block Broadcom’s Takeover of Qualcomm
bloomberg.com

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#2

Post by robbiet480 » Mon, Mar 12, 2018, 10:53 PM UTC

Rumour about Intel fighting the merger just broke a couple of hours ago... https://www.recode.net/2018/3/12/17107910/intel-broadcom-qua...

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#3

Post by sova » Mon, Mar 12, 2018, 11:12 PM UTC

It's good news. State-sponsored 5G in the USA would be great, and unprecedented. Hopefully we can agree on that.

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#4

Post by busterarm » Mon, Mar 12, 2018, 11:18 PM UTC

Good. Broadcom is far too happy to release undocumented garbage.

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#5

Post by Analemma_ » Mon, Mar 12, 2018, 11:19 PM UTC

This is the right decision, but is it normal for M&As to be blocked by executive order rather than by a DOJ decision, or is this a Trump thing?

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#6

Post by gowld » Mon, Mar 12, 2018, 11:25 PM UTC

busterarm wrote: post #4

Good. Broadcom is far too happy to release undocumented garbage.

Is Qualcomm better?

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#7

Post by tlb » Mon, Mar 12, 2018, 11:25 PM UTC

sova wrote: post #3

It's good news. State-sponsored 5G in the USA would be great, and unprecedented. Hopefully we can agree on that.

Why? Obviously we all want faster mobile data, but how do you think the government will improve on what telcos would do on their own?

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#8

Post by tlb » Mon, Mar 12, 2018, 11:30 PM UTC

Analemma_ wrote: post #5

This is the right decision, but is it normal for M&As to be blocked by executive order rather than by a DOJ decision, or is this a Trump thing?

It has happened 4 times before, once by the current administration: https://en.wikipedia.org/wiki/Committee_on_Foreign_Investmen...

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#9

Post by throwawaygov3 » Mon, Mar 12, 2018, 11:30 PM UTC

tlb wrote: post #7

sova wrote: post #3

It's good news. State-sponsored 5G in the USA would be great, and unprecedented. Hopefully we can agree on that.

Why? Obviously we all want faster mobile data, but how do you think the government will improve on what telcos would do on their own?

Well, the difference is that I can’t vote AT&T, Comcast, and Verizon out in four years.

Re: Trump Issues Order to Block Broadcom’s Takeover of Qualcomm

#10

Post by jopsen » Mon, Mar 12, 2018, 11:32 PM UTC

Analemma_ wrote: post #5

This is the right decision, but is it normal for M&As to be blocked by executive order rather than by a DOJ decision, or is this a Trump thing?

> Trump acted on a recommendation by the Committee on Foreign Investment in the U.S.

Seems legit.

I know we all love to bash Trump, but he might not be entirely evil. Sometimes he's not treated fairly, that said it's all well deserved that's for sure :)