Jump to content
The World News Media

  • Broadcom


    The backstory: Broadcom (-1.26%), the chipmaker of thwarted Qualcomm-takeover fame, is trying to complete its $19 billion acquisition of CA Technologies (+1.49%), an enterprise software company.

    The mystery: On Wednesday, a memo supposedly written by a Defense Department official was circulated suggesting the need for a national security review of the deal. The only problem? A DoD spokeswoman said it was "likely" a fraud.

    Why it matters, per Axios's Dan Primack: "Assuming the memo was indeed fraudulent, then we might have just entered a new phase of short-seller espionage." Still, Sen. Rand Paul called for a national security review (while denying the memo played a factor).

  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.