The White House Saved Qualcomm from Broadcom’s Grasp
In the first half of 2018, the White House had to step in to save Qualcomm (QCOM) from what was shaping up to be a hostile takeover by Broadcom (AVGO). Broadcom had been pursuing Qualcomm for months, beginning with an unsolicited $103 billion bid to buy Qualcomm in November 2017. Broadcom would later raise the bid to $121 billion, but Qualcomm would still have none of it.