U.S. government says Broadcom violated order in Qualcomm merger bid

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WASHINGTON (Reuters) – Chipmaker Broadcom Ltd (AVGO.O) violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc (QCOM.O), the U.S. Treasury Department said in a letter. The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves HermanThe letter, which was dated Sunday, said that Broadcom “took a series of actions in violation” of a previous order from Treasury. Broadcom has been seeking to merge with Qualcomm, which has sought to fend off the takeover. Reporting by Diane Bartz; Editing by Chizu NomiyamaOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters