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U.S. government says Broadcom violated order in Qualcomm merger bid
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 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
Our Standards:The Thomson Reuters Trust Principles.
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