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Trump Issues Order To Block Broadcom's Takeover of Qualcomm (bloomberg.com)
Bloomberg reports that President Donald Trump issued an executive order today blocking Broadcom from acquiring Qualcomm, "scuttling a $117 billion deal that had been subject to U.S. government scrutiny on national security grounds." From the report: The president acted on a recommendation by the Committee on Foreign Investment in the U.S., which reviews acquisitions of American firms by foreign investors. The decision to block the deal was unveiled just hours after Broadcom Chief Executive Officer Hock Tan met with security officials at the Pentagon in a last-ditch effort to salvage the transaction. "There is credible evidence that leads me to believe that Broadcom Ltd." by acquiring Qualcomm "might take action that threatens to impair the national security of the United States," Trump said in the order released Monday evening in Washington.
Lol, the lefties are losing their minds. Not only is there no collusion found even when it was investigated by a corrupt DNC & deep state witch hunt, but what was found out during the whole process implicated the DNC and the Clinton's crooked foundation.
Next up, special prosecutor for the FISA abuses by the DNC. Sayonara, shitheads!
It has become apparent to me that the man uses the expression to mean whatever he thinks it ought to mean, and has no bearing on the actual definition of the term.
File under 'M' for 'Manic ranting'
And the alternative was even more grim. Broadcom has proven itself to be utterly incompetent and unfriendly. It was almost immediately apparent that they just wanted to kill the competition in a anti-competitive manner.
This was a good decision, even if for the wrong reason. Sometimes, you just have to take what you can get.
Broadcom is a Singaporean company that decided to pretend to be US company by moving headquarters specifically to help seal this deal.
Also, anti-chinese sentiments are nationalist, not racist. Conflating the two is a rather basic error.
The current Broadcom was formed by a merger between Broadcom of California, and Avago, which was formed when two New York based private equity firms bought the semiconductor division of Agilent, which itself was spun out of HP. Being private equity vultures, they moved corporate headquarters to a more tax friendly location, but the operations are still very much based in the US.
They are based in Singapore. Also, what you call a merger is what anyone else would call a buyout.
That Singapore based company now wants to buy out the US based Qualcomm.
Are the Republican voters just living in a perfect bubble or do they really just not care as long as it doesn't have a D next to it's name?
Modern republicanism has all the symptoms of being a cult religion. What is worse is they blatantly ignore facts that don't fit into their world view. Their usual method of doing so is by bringing up some possibly true, possibly not bit of data from the opposition and justifying their decision to support their party by saying, well at least it is not that.
The really fun thing is the only thing they seem truly conservative about is conservation of excuses. They will use the same excuses, time, and time, and time again. Trump could be sleeping with ten different porn stars a night, and have kids with six of them and they would still justify or excuse it by pointing to Bill Clinton who hasn't been president for over 17 years.
Instead of setting a higher bar, ethics only matter if their opponent may not be squeaky clean. They are fine with their guy being a low life scum as long as he is their low life scum. Hillary was flat out guilty for her actions defending her husband and should never be president, at the same time Trump's people were paying off porn stars to shut up. Now I don't support Infidelity in any shape or form but a spouse has the right to defend the other spouse. End of story, well unless your a democrat I guess.
yeah can't imagine any reason for anti-Chinese sentiment. You know you can be against the ideals and goals of a foreign power without being discriminatory to people of that power's ethnicity right?
Mergers like these are good mainly for the executives who plan them and the lawyers and brokers who extract fat fees for executing them. Shareholders see a short-term gain but nothing is added to the economy indeed jobs and choice are diminished.
The parent company, Avago, was created when Agilent Technologies sold off part of itself to KKR and Silver Lake venture capitalists. When it was formed, the privately held company incorporated in Singapore. When now publicly owned Avago bought Broadcom, the parent company was still incorporated in Singapore. While both Avago and Broadcom had their headquarters in the San Jose, CA area, the owner, Avago, was, and still is, incorporated in Singapore.
There is a good reason those people weren't on the list. Both ATF and FBI are currently the Democratic operations arm as evidenced by their investigations in both Hillary and Trump. They need to keep the narrative that guns are bad going and the best way of doing that is by sowing fear that someone might use them for evil.
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