Remember the “ Uranium One” deal?
Broadcom, AKA Avago, is a spin off of HP. They only headquartered in Singapore for the tax breaks are in the process of moving back to the states. I don’t know what this is about, but I expect that Hock will get his way in the end. He always does, just look at Broadcom/Avago’s stock price over the last 6 or 7 years, the man is a genius.
I’m fine with the US government blocking the deal, if they’ll pay for the losses to the shareholders under the ‘Takings’ Clause.
Qualcomm has been running the company for management’s benefit, not the benefit of shareholders. (Although they did try to appear to clean up their act a bit when Broadcom made its run.) If they pull off this political gambit, it will likely be back to business as usual.
The Broadcom offer was to roughly pay full market price for the stock, and then throw in about $20 of Broadcom stock, as I recall the last offer. It was fair enough that Qualcomm has been having to engage in a tough proxy fight. This latest move of pulling political strings suggests that they were losing that fight.