Qualcomm is a billion-dollar thorn in Apple’s side, but a hostile takeover by a Singapore-based chipmaker was not the solution.
“The proposed takeover of Qualcomm by [Broadcom] is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited.” —Donald J. Trump
CNBC’s morning report:
Lost track of the Apple angle? Got three and a half minutes?
My take: A great primer on a complicated case.
UPDATE: Wednesday’s WSJ has the tick tock behind Trump’s intervention. See Rejection of Qualcomm-Broadcom Deal Followed Monthslong Strategy