Broadcom's Tan goes to Washington: The undoing of a US$117bil deal - Business News - News Summed Up

Broadcom's Tan goes to Washington: The undoing of a US$117bil deal - Business News


NEW YORK: Tan Hock Eng had a trick for winning over skeptical investors. As the world now knows, the chief executive officer of Broadcom Ltd. made a wild miscalculation on Trump. Instead of siding with Tan, the president shot down what would have been the largest technology deal in history.The reverberations have only just begun. Trump dinged the deal on national security grounds -- but not because Broadcom, which is based in Singapore until it redomiciles to the U.S. later this month, posed an immediate threat. Broadcom’s message was one of quiet confidence.The company knew it had won, one person close to the discussions said.


Source: The Star March 15, 2018 11:03 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */