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Trump Blocks Broadcom Takeover of Qualcomm on Security RisksHostile takeover blocked by Executive Order

Discussion in 'Articles & Happenings' started by neural, Mar 13, 2018.

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@Lipitor

  1. Trump Blocks Broadcom Takeover of Qualcomm on Security Risks
    By David McLaughlin
    March 13, 2018
    https://www.bloomberg.com/news/arti...lock-broadcom-s-takeover-of-qualcomm-jeoszwnt

    I don't know how much this fits into the usual A&H fare, but I felt that this is quite the interesting piece of news, given that Qualcomm components are in nearly every smartphone out there.

    It's also interesting to me that Trump blocked this takeover with what could be very unusual means too. Isn't it usually the SEC that blocks takeovers/mergers?
     
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    neural

    neural rambunscious boy
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  2. It sucks for Broadcom, especially after the concession of moving their headquarters (back) to the U.S. from Singapore, which itself was an Obama era tax inversion. Intel is actually considering buying Broadcom anyway, which would be a win-win for us.
     
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    CWCchange

    CWCchange ǝƃuɐɥɔƆMƆ

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  3. Not the first time this has happened, Dubya nixed the sale of a domestic Port Authority (was it New York? I can't remember and am too lazy to google) to a group of foreign investors from overseas for similar reasons back in the 00's, (again, from memory, it was some India-Singapore outfit that was a shell company from the British colonial days that was now just another likely corrupt pan-Asian group) If the Pres can show a reasonable threat to national security (they could have, in theory, shut down that specific port and crippled US business requiring military force to open it again) I think he can at least temporarily prohibit these deals under Federal Commerce Regulation authority. Now, they may not survive a legal challenge, but it never gets that far. Once these deals get exposed to the light, the capital backing them collapses under scrutiny/pressure and isn't there by the time it theoretically could win in court.
     
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    TowinKarz

    TowinKarz Actually WILL Call Somebody.....

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  4. I'm not usually a protectionist, but the electronics and software industries are quite sensitive due to the potential for rootkita and things like that, so I generally support making sure that businesses like this are kept in the hands of the USA and our allies.
     
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    Splendid Meat Sticks

    Splendid Meat Sticks Castigat ridendo mores
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  5. So much for capitalism.
     
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    tarni

    tarni rhineland conqueror

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  6. NSA just would be upset someone snoops more efficiently than them and threw a tantrum.
     
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    Bassomatic

    True & Honest Fan

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  7. There's capitalism and then there's giving away the keys to the kingdom to hostile foreigners.
     
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    AnOminous

    AnOminous life of the mind
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  8. Just pointing out the hypocrisy of the free-market-evangelists
     
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    tarni

    tarni rhineland conqueror

    kiwifarms.net
  9. Trump has always been something of a protectionist, but usually for economic and not national security reasons.
     
    AnOminous

    AnOminous life of the mind
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  10. I can't think of anyone short of ancaps who don't admit that things like protecting national security are important and can require government action like this. Sure, some people may disagree with this particular action, but very few would disagree with the general principle that it's based on.
     
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    Splendid Meat Sticks

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