Trump did the right thing

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

6 Comments

  1. Ken Cheng said:

    Seems premature. And why would the President weigh in when there are agencies tasked with the job of evaluating these business mergers?

    0
    March 13, 2018
  2. Ken Cheng said:

    What seems silly, is that if Intel had first acquired Broadcom, would it have been allowed to acquire Qualcomm? And, how is a Singaporean company, planning to move to the US, characterized as Chinese? I know Singapore is mostly ethnic Chinese, but Broadcom doesn’t appear to me to be anything like Huawei.

    1
    March 13, 2018
    • David Drinkwater said:

      Respectfully, I suspect that a Singaporean company is called Chinese because “China” is a bigger target and because, like most Americans, Trump doesn’t know the difference.

      1
      March 14, 2018
      • Ken Cheng said:

        Wasn’t necessary, cause the general media is portraying Broadcom, that way, much as David points out.

        0
        March 14, 2018

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