Qualcomm v. Broadcom Round 2

Paul Rosenzweig
Monday, March 5, 2018, 9:54 AM

Last week, I wrote about a proposed hostile takeover of Qualcomm by Broadcom -- a move that might have national security implications for the development of 5G technology in America. The takeover was to have come at a meeting scheduled for tomorrow, March 6.

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Last week, I wrote about a proposed hostile takeover of Qualcomm by Broadcom -- a move that might have national security implications for the development of 5G technology in America. The takeover was to have come at a meeting scheduled for tomorrow, March 6.

Today we learn, courtesy of Axios, that the shareholder meeting has been postponed. Apparently (as had been suggested was reasonable) "The Committee on Foreign investment in the U.S (CFIUS). which is reportedly now looking into the issue, is a government panel tasked with looking into overseas investments in U.S. companies. It typically doesn't weigh a transaction until a deal is reached."

The goverment has asked for a 30-day delay. Round two in this battle goes to Qualcomm.

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Paul Rosenzweig

Paul Rosenzweig

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Paul Rosenzweig is the founder of Red Branch Consulting PLLC, a homeland security consulting company and a Senior Advisor to The Chertoff Group. Mr. Rosenzweig formerly served as Deputy Assistant Secretary for Policy in the Department of Homeland Security. He is a Professorial Lecturer in Law at George Washington University, a Senior Fellow in the Tech, Law & Security program at American University, and a Board Member of the Journal of National Security Law and Policy.

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