Deals
Broadcom Bid for Qualcomm Is Likely to Face Longer U.S. Review
- U.S. government scrutiny of deal may take more than 30 days
- Qualcomm rescheduled vote to April after CFIUS intervened
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Broadcom Ltd., whose hostile bid to acquire rival Qualcomm Inc. has been stalled by management opposition and U.S. national-security concerns, is in for a long wait.
The deal is likely to be held up even beyond a rescheduled shareholder vote next month as government regulators undertake an extended review of the proposed transaction’s risks.