U.S. security panel deals major blow to Broadcom's bid for Qualcomm
The Committee on Foreign Investment in the United States (CFIUS), which reviews deals for potential national security concerns, does not typically review mergers before companies have clinched an agreement. CFIUS asked Qualcomm to postpone its shareholder meeting, that had been scheduled for Tuesday, by 30 days. Reuters had reported last week that CFIUS had begun looking at Broadcom’s bid amid growing pressure from politicians, including senior Republican Senator John Cornyn.
