Sources say Broadcom will formally abandon its attempt to acquire Qualcomm in an announcement on Wednesday (Bloomberg)

Sources say Broadcom will formally abandon its attempt to acquire Qualcomm in an announcement on Wednesday (Bloomberg)

Bloomberg:
Sources say Broadcom will formally abandon its attempt to acquire Qualcomm in an announcement on Wednesday  —  Broadcom Ltd. will formally abandon its attempt to acquire rival chipmaker Qualcomm Inc. after U.S. President Donald Trump blocked the deal citing national security risks, according to people familiar with its plans.

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