Broadcom gives up and drops Qualcomm bid

Techcrunch ------- It was already a complicated deal, but it now looks like Broadcom’s plans to take over Qualcomm are done. The company announced that it would respect Donald Trump’s block and drop its Qualcomm bid. “Although we are disappointed with this outcome, Broadcom will comply with the order,” Broadcom said in a statement. At one point, Broadcom was willing to pay $121 billion to acquire Qualcomm. It would have been the biggest tech acquisition of all time and a risky deal. But Qualcomm rejected the offer (without closing the door entirely). To learn more click on the picture below to read the article.