'Blatant, desperate' CFIUS investigation request postpones Broadcom's $117B Qualcomm bid

'Blatant, desperate' CFIUS investigation request postpones Broadcom's $117B Qualcomm bid

The U.S. Treasury Department’s Committee on Foreign Investment (CFIUS) has ordered Apple supplier Qualcomm to delay a shareholders meeting 30 days, postponing — if not potentially derailing — Broadcom’s attempted $117 billion hostile takeover. Broadcom has accused Qualcommm of “secretly” filing an investigation request with CFIUS, calling it a “blatant,[…]

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