Broadcom withdraws its proposal to acquire Qualcomm

BroadcomU.S. president Trump earlier this week ordered Broadcom to stop its acquisition of Qualcomm citing national security concerns. Following the president’s order, Broadcom today has announced that it withdrawing its proposal to acquire Qualcomm and it has also withdrawn its slate of independent director nominees for Qualcomm’s 2018 Annual Meeting of Stockholders.

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