Panel suggests it may recommend blocking Broadcom deal

The Hill: The Treasury Department has told the Singapore-based Broadcom that national security concerns about its proposed takeover of Qualcomm have been “confirmed,” increasing the likelihood that officials will recommend that President Trump block the deal.

Broadcom’s efforts at a hostile takeover of Qualcomm are currently being investigated by the Committee on Foreign Investment in the U.S. (CFIUS), an interagency panel chaired by the Treasury Department tasked with investigating foreign deals for U.S. companies. The committee put a halt to Broadcom’s campaign last week in order to investigate the potential deal over national security concerns.

Read article