Special offer

BROADCOM Ltd - Ron Di Lalla - Realtor - Orange County

By
Real Estate Agent with Century 21 Discovery DRE 01813824

U.S. national security officials are threatening to recommend that President Donald Trump block Broadcom Ltd.’s proposed takeover of rival chipmaker Qualcomm Inc., according to a Treasury Department letter made public Monday.An investigation of the deal by the Committee on Foreign Investment in the U.S., which reviews purchases of American firms by foreign investors, has confirmed national security threats related to the Qualcomm acquisition by Singapore-based Broadcom, Treasury said in the letter.“In the absence of information that changes CFIUS’s assessment of the national security risks posed by this transaction, CFIUS would consider taking further action, including but not limited to referring the transaction to the president for decision,” Treasury said. Only the president can block a foreign takeover on national security grounds.

If youare searching for Comparable Homes, please utilize my website at www.ron4homes.org.  If you are searching for Neighborhood Comparisons, then click on Communities on my home page.

Comments (0)