U.S. government says Broadcom violated order in Qualcomm merger bid

Microsoft touts progress of chat app Teams in battle with Slack
March 12, 2018
Data breach victims can sue Yahoo in the United States: judge
March 12, 2018
This post was originally published on this site

WASHINGTON (Reuters) – Chipmaker Broadcom Ltd (AVGO.O) violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc (QCOM.O), the U.S. Treasury Department said in a letter.

The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman

The letter, which was dated Sunday, said that Broadcom “took a series of actions in violation” of a previous order from Treasury.

Broadcom has been seeking to merge with Qualcomm, which has sought to fend off the takeover.

Reporting by Diane Bartz; Editing by Chizu Nomiyama