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Broadcom will relocate to U.S. by April 3 to speed security review of Qualcomm bid

“Hoping to avoid a prolonged national security review, Singapore-based Broadcom said it will move its international headquarters back to the U.S. by April 3 as it continues a hostile takeover bid for rival Qualcomm” writes Chris O’brien for venturebeat.com. Meanwhile, amid delays in reaching a deal, rumors have emerged that rival Intel is considering making a bid for Broadcom.Qualcomm’s board has fought the bid since last November even as Broadcom raised the price to $121 billion.Last week, the U.S. Treasury’s Committee on Foreign Investment in the United States (CFIUS) released a letter saying it was reviewing the transaction for national security risks, putting the deal temporarily on hold.
 
Source: venturebeat.com



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