Siri Bug on iOS 11 will Read out Your Hidden Messages
The Banner Saga 3 Gets Nintendo Switch Port Soon
Google courts game developers with expanded services lineup
Here's Why Audi May Be Happy With A Bad Sales Year
Fortnite 3.3 Update Patch Notes Are Now Available to Read
USA government stalls Qualcomm investor vote to look into Broadcom
06 March 2018, 01:46 | Denise Dawson
Qualcomm says Broadcom deal opens national security issues
Broadcom'shostile takeover bid for chip-making rival Qualcomm has become even more hostile now that a US national security agency over the weekend ordered Qualcomm to delay a shareholder vote scheduled for March 6 that would have set the direction of the proposed $117 billion deal.
The ugly rhetorical war between semiconductor companies Broadcom and Qualcomm got even uglier on Monday.
Broadcomin a statement said that the Qualcomm move is a desperate act by Qualcomm to entrench its incumbent board of directors and prevent its own stockholders from voting for Broadcom's independent director nominees. Broadcom has nominated six people to serve on Qualcomm's 11-member board of directors.
Broadcom said it would cooperate with the CFIUS review but added that it had just learned that the investigation was due to a secret, voluntary request from Qualcomm in January. The company already is run from the United States, has many USA employees, and owns critical semiconductor operations and technologies, Rasgon noted.
Qualcomm has rebuffed the attempts saying that its counterpart has not only undervalued its portfolio and market-shaping potential, but that Broadcom could not guarantee adequate concessions if regulatory barriers ended up stopping the deal from closing.
Broadcom's dismissive rhetoric notwithstanding, this is a very serious matter for both Qualcomm and Broadcom. However, in recent weeks, Qualcomm has become more receptive to Broadcom's proposal - that is if the company can sweeten its offer price and pass regulatory oversight.
Sharma holds onto lead at WGC Mexico Sharma blasted his opening tee shot two feet from the cup for a tap-in eagle. "To be honest, I'm actually relaxed now", he said. A victory at the WGC Championship would make Sharma the first debutant to win on the PGA Tour in about three decades.
U.S. Sen. John Cornyn, a Texas Republican, as well as San Diego-area Congressmen Scott Peters, a Democrat, and Duncan Hunter, a Republican, sent letters to Trump Administration officials requesting a CFIUS review. Qualcomm shot back that Broadcom's claims that the CFIUS inquiry was a surprise to them has "no basis in fact".
Broadcom is pursuing a hostile takeover of Qualcomm, which would be the largest technology deal in history, creating a giant chip maker whose products would be in the majority of the world's smartphones.
The meeting, scheduled for Tuesday, will be pushed back for at least 30 days, Qualcomm said.
"This measure will afford CFIUS the ability to investigate fully Broadcom's proposed acquisition of Qualcomm", the U.S. Department of Treasury said in a statement.
Qualcomm went on to challenge an assertion that wasn't exactly what Broadcom had asserted.
The Singapore-based chip maker insists that upon completion of its redomiciliation to USA shores by May 6, the deal will no longer be covered by CFIUS. If that result holds up when the final vote takes place, Broadcom would have a mandate to overturn Qualcomm management's opposition to the $117 billion deal.
Which airlines have canceled flights today?
As weather conditions continue to worsen, Virgin Atlantic have not survived the "Beast from the East". Yesterday (1 March) the airline was forced to cancel 40 flights due to Storm Emma's risky conditions.
UFC 222: Cyborg vs
The odds have reflected such, as of Friday morning bookmaker.eu has installed Cyborg as -1900 favorite and Kunitskaya at +1025. UFC women's featherweight champion Cris Cyborg has given her take on the boxing legend and his chances in the MMA world.
Matuidi: Neymar wanted me to stay at PSG
Paris Saint-Germain coach Unai Emery says the club are on the same page as Brazil with regards to Neymar's injury. However, Brazil's team doctor Rodrigo Lasmar has warned the striker was resigned to the lengthy lay-off.
Thousands march in Slovakia for slain journalist
One of those arrested on Thursday was an Italian who had done business deals with officials close to Prime Minister Robert Fico. Kuciak had been looking into suspected mafia links among Italian businessmen in eastern Slovakia.
Kushner Cos. got huge loans after WH meetings
But that company later decided not to invest in the Kushner Companies' building at 666 Fifth Avenue. The Post report quoted unnamed USA officials familiar with intelligence reports on the issue.
Lesnar to exit WWE, will make UFC comeback
Of course, whether or not Brock Lesnar makes a return to the UFC octagon will involve a lot of things to come together perfectly. Prior to this fight, Lesnar hadn't competed in five years when he lost to Alistair Overeem in the main event of UFC 141.